RE:RE:Talked with Sadig todayTo compare Kelt to a 3.25 % bond , one would need to determine reserves value per share discounted at a say 5% rate. We already know that 2021 reserves were valued over $ 11 per share based on a $ 68 per barrel WTI and a 10 % discount rate and only a small percentage of Kelt s land.
With very low debt levels and high recycle ratios, Kelt is superbly positioned to capture continuing higher returns.
Kelt is shaping up as one of the better asset plays . Recent transactions have demonstrated that excess acreage can be monetized. Kelt of course can do that also , yet they have the luxury of waiting for the best timing and best values !!