RE:Kel=hot garbageMustangMatt wrote:
Three times burnt on Kelt. Tax loss selling in effect. You can tell mangement does not care about shareholders because they refuse to address the issue or make changes to policy.
They sold Igna at the low and have not made a good decision since. It is great that NAV is two or three times shareprice, you just can't eat NAV.
Just sell this piece of garbage or take it private. Serious question, is this the worst performing O&G stock on the TSX year to date? Cheers Matthew
OTH , Kelt is growing production at 18 -25 % in 2023. They will most likey be able to keep that up for another decade. The return by production growth is essentially after inflation. NAV will ultimately win the day , as it can be brought out by either buybacks or dividends when needed.
I would recommend the NAV be served with a rather aged Chateau Margeaux