RE:RE:RE:kelt optionsKelt management may not be the best but they probably have more skin in the game (not just DW) than any other team out there.
The company does issue too many options IMO and they don't buy back the shares. Very annoying to see that share count go up year after year.
By far the biggest problem at Kelt is that hedging and marketing is not given its due even though its such an important function nowadays. Its basically the #3 position after CEO and CFO in upstream oil and gas. Probably the root cause of why they had to sell Inga.
Otherwise the intrinsic value is there. In Alberta, I feel Kelt now has line of sight alignment of plant capacity, pipeline capacity and oil rich reserves. Oak has potential too - long term.