RE:RE:Kelt STILL on a rampage...."Spartan did get a good price for their Gold Creek/Karr asset"
Yes they did get a good price. This is NOT in question.
"just compare what Chevron* paid Monday for PDC Energy a pretty fully developed 250,000 boepd US play"
Well, you see that's the problem. You can compare the Chevron-PDC deal & apply it to Kelt in some manner to extrapolate some sort of value.....but only in certain parameters & to a certain extent. That dela is not the ideal example to compare to Kelt. The Spartan-CPG deal is and it's the BEST one or closest you'll ever get. Use the $50k boepd paid in the SPE/CPG deal and you will get a very accurate NAV for Kelt when their assets are monetized.
"Whereas Kelt selling any major asset now would be selling themselves short IMO."
Well Mr. PabloL, you see.....this is the conundrum. To sell or NOT to sell.....That is the question. And this is NOT the first time that Kelt has run into this difficult decision or fork in the road if you wish. Back in mid 2020, when the sector was at its absolute lowest point ever, maybe even facing possible insolvnecy as many ep's were going iunder, Kelt was faced with this same problem of having to decide what to do. Sell some assets to survive & fight another day or take a chance that things turn around soon. Eventually they they chose the former, which in hindsight was the WRONG decision and they paid dearly for it in the years that followed.
If you have some time & IF you haven't already, read my assessment of that decision. LInk posted below. It's a good read with valuable information & insights for anyone who wishes to learn anything in this sector. No matter if you're a seasoned investor or just a novice, curious one. I don't just post all this info to waste precious time & space, it's for folks to LEARN so they can make better investment decisions. SH reopened ALL the historical postings of its members so now you have full access and can read the post in it's entirety.
https://stockhouse.com/companies/bullboard?symbol=t.kel&postid=31305340
As that post indicates, i was on the fence with that decision and could accept & understand it either way. Because i could see the positives/negatives from both angles and in the difficult situation that Kelt mgmt and many others were in at that time. So NOT an easy decision to make by any means. So here were are ar this same inflection point again. To sell or not to sell? BUT the situation is the complete opposite of what it was in 2020. The sector right now is at it's near peak having come off record high energy prices. So what should Kelt do here wait or be proactive and take advantage of the high oil prices & asset values?
Remember, i said many times that these Canadian/Albertan Ceo's are made from the same cloth and molded in the same shapes. They all think & act alike, with the same mentalities, objectives & priorities. This is one of the major reasons why the Albertan O&G is so fragmented and never evolved from the 90's. Whereas their American/Texan counterparts evetually did. Alberta kept the Status Quo since the 90's whereas The Texans left it in the past, in the dust and moved on to fit the times.
So if you work on the premise that all these Canadian O&G Ceo's are the same, and think the same way. then we must conclude that Kelt will eventually fall into line & follow the Spartan guys in the same direction. I.E. They will sell something. Whether it's the whole company or only parts of it is still in question or unknown. That's MY take on this and only time will prove if i'm right or not.
As for your last ambiguous statement..... "Good things come to those who wait."
This of course is a matter of perspective, being at the right time at the right place AND having some luck. Maybe for the Kelt guys back in 2020, if they would have taken your advice and waited JUST a bit longer, things would have been totally different for the company. BUT then again many others waited almost a whole decade for energy prices to turn around before bottoming in 2020 and MANY never made it out falling into BK.
Also, if you apply that phrase to our current environment totally outside this industry like the banking sector, would that advice be the best advice to take? If you would've asked the millions of depositors, equity investors & bond holders who had a vested interest in ANY of the 4 or 5 bank failures that occurred in the past few months, "to wait" before making a hasty decision......for them it would have been the wrong & most fatal advice to give. Because in that scenario, those who got out first were the ones who survived & left with something. So again, it's a matter of perspective.
GLTA