RE:RE:RE:RE:Kelts Evaluation verses Tamarack Valley EnergyVery simple Kelt has 3 major resource plays it is pursuing, Charlie Lake, with land adjacent to TVE. Wembley/Pipestone 62% liquids in the same area. Oak gas they are not pursuing right now.
Kelt Charlie Lake 53% liquids
Kelt Wembley/Pipestone 62% Liquids
TVE are on record claiming Charlie lake is best low risk light oil play in Canada.
So Kelt has a stonger balance sheet than TVE by a country mile, and also is pursuing Charlie Lake, but really their wembley/pipestone play has better liquids.
The payback on the Charlie lake for TVE is better than clearwater, and for KEL the payback on Pipestone is better than Charlie Lake.
So while it looks like TVE is going to go bankrupt, it looks like Kelt is going to hit it out of the ball park. TVE has Charlie lake well adjacent to Kelt Land.
That the way i see it.
IMHO