Insiders are buyingToday is a day where you can really see the tax loss selling play out. I am going to wager a guess that we are marking the low. Stock is oversold RSI under 30, it is also under the bolinger bands.
Also, the last 3 insider moves have been buys, I would not be surprised to see insiders buying today. My suggestion would be to unplug from the irrational selling and come back in the new year.
According to the market Kelt is worth less now then at the start of the year. How is a stock with the same balance sheet, but with an additional 10,000 barrels a day worth of production now worth less? Answer is it is a market distoration, cheers Matthew