RE:Relatively New to Kelt
What i like in Kelt
Wilson his track record,buying not selling...wish his team was as devoted...which is also why i dislike buybacks in certain companies
Minimal debt...hedging flexabilty vs bank dictate, blended commodity pricing
Montney play, several exploration initiatives
Proving reserves is ok if you can trigger a sale on your timing vs forced sales...reserves and price decks are not always in sync to monetise assets. Evaluating a company on the basis of land held, well land expires, every pool has variances so allocating x dollars per Ha is problematic
My biggest issue is stranded assets that smaller fish prove and big fish get during depressed pricing cycles..or relying upon third party infrastructure owned by your competitor and hoping they buy your assets at a premium