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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 PabloLafortuneon Apr 23, 2023 10:44am
86 Views
Post# 35409278

RE:RE:RE:Charlie Lake what are the Economics Like

RE:RE:RE:Charlie Lake what are the Economics LikeThanks yeah, that explains a lot. Obviously if Wembley Pipestone is constrained, it goes without saying that Charlie Lake wells in the same area will be as well.   Also really appreciate your posts on TVE. I had obviously not done my homework on the balance sheet.  How the heck does a company with so much liquids generate so little FCF?  As if that wasn't bad bad enough add to that the ratio of debt to FCF being 13:1 and to top it off the continued emphasis on shareholder returns!

FYI, as to what the poster Seppelt stated, he is basically correct. The Kelt share price was around $5 in October 2021. Most O&G are up anywhere from 30 to 80% since then (Nuvista almost double, SDE more than double) although the gas players (BIR, AAV, PEY) are up much less.
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