RE:InterestingI am really not a fan of take-overs . I have been twice burned with Painted Pony and Pipestone. Seeing both KEL and BIR on someone's list makes me wary.
KEL has three attributes that I am looking for Lots of reserves and reserve forming potential ; optionality to vary production between gas and liquids ; and a company run by management that has a large stake in the company's net worth
Low debt levels and /or medium debt levels that are termed out are also a plus.
Most important is how the company run their ship. That is very subjective ,but as we have seen ,probably the main element of successful investments !!