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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd oil and gas company. The Company is focused on the exploration, development and production of crude oil and natural gas resources in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. The Company’s British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Comment by Seppelton Apr 10, 2023 12:08pm
132 Views
Post# 35386798

RE:RE:Something up?

RE:RE:Something up?

Comparing valuations in Texas close to deep ports and refineries vs landlocked Alberta. What else? In fact, markets in the U.S. view AB as Canada run by Trudeau while TX is seen as more independent.

Wembly/Pipestone production is currently on hold, pending expansion of Pipestone facility. According to Keyera, that is scheduled for Q1/24, if on schedule and no delays.
Until then, there are too many players in the area, some holding relatively small acreage. For instance, it would be great if Kelt absorbs lands held by Advantage and others or some kind of consolidation would be great before full scale development.

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