Upgrades today by BMO and Royal BanksTop 8 analysts following KEL have a price target of $8.12
Today, Jermey Mccrea (BMO) put a price target on Kelt of $8.50
Today, Micheal Harvey (RBC) put a price target on Kelt of $8.00
WCP is the second largest owner of Montney Land, but little old Kelt has 340,000 acres of Montney Land and 88,000 acres of Charlie Lake land which is another thick multizone oil play.
Kelt is quietly ramping up to 50,000 boe/day, the fact that the reserves are already in place, audited by Sproule Associates Limited, and current evaluation per share is $22.75 a share.
Next year we will likely get another 20% growth in Nav, and be producing 50,000 boe/day in Q1 when the reserves report comes out.
Kelt is to cheap, and it is now just of matter of ramping up the resource not finding it.
IMHO