Safe Place to Be!The good thing about Kelt is we know where they are going, their production is climbing rapidly, and they have no debt.
Kelt is not commited to buying back shares because they can add more value through the drill bit, the Wembley Pipestone year end slam dunk for 7000 boe a day of additional production, should be a 25% share upside on that production alone.
Kelt recompleted 8 vertical wells at charlie lake, just adding cheap and responsible production. I don't think those wells were represented in their plan?
Its easy to hunker down with the stock because management is doing the same and working in our best interest.
Kelt is now an overweight position in my portfolio.
IMHO