RE:RE:RE:RE:Time to Fill the SPR, Transmountain Q1 2024Yes I am 25% cash right now, and am buying what i consider quality. I feel a few quality names will make big moves in the future, and the debt to CF number it a lot different when you paying 8-9 percent on you debt, so this is not the time to be in a highly leverage stock. That what i think, Eric Nuttal says this is the time to take more risk, my feeling is this is the time to buy better quality, or companies with prestine balance sheets, low share counts, and low debt.
Royal Bank came out with 2024 cash flow estimate for Kelt.
Kelt's forecast FD CFPS fell 3% to $1.75 in 2023 but rose 3% to $2.20 in 2024.
At $2.20 a share the stock should trade at lead $6.60 just based on this projection. We all know it is more complicated then that but its more than a 20% upside from here, and my guess it will even be higher.
2025 will add 50 Mmcf at Wembley and shoud be another compounded 20% gain.
IMHO