120 Days for Wembley - CVS Albright
With all the recent analyst upgrades as high as $10 dollars, the average price target of the last five analysts is $9 dollars.
A small debt free company like Kelt is drilling 31 net wells mostly (Montney/Charlie Lake)
WCP in their montney play is drilling 33 well in their west region, and company with a 8 billion dollars enterprise value verses kelt that has a 1.2 billion dollar enterprise value.
Really today is a buying day, and I bought a few more, Kelt will now impress the market with well pad production in Wembley that will make the cash flow rocket up.
With Kelt drilling that many wells they are going at a super accelerated rate, what would you rather do collect a measly 6% dividend or wait 120 days, and see the stock appreciate 50%?
Some of these big companies simply are to inefficient, and Kelt show what a small nimble team can establish a large resource.
Today is a buy day.
IMHO