RE:RE:Stifel Nicolaus - Buy $10 $10 seems a reasonable target to me. Plant capacity is increasing from 141MMcf (Q1-Q3 2023) to 236MMcf (2024 Q4) production was 30,000 boepd therefore, production will be 50,000 boepd. 50,000/30,000 * $6 = $10.
Few notes:
- the above doesnt include any Pouce Coupe plant capacity increase.
- 75 of the 95MMcf increase is at Wembley which is oilier than corporate avg to date. Ie higher netback.
- share price reached $8 in both 2022 and 2023.
Actually I dont know how high Kelt can go but I feel that its a good hedge against a stock market correction given record low natgas prices already, its debt free status and its growth prospects.