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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd oil and gas company. The Company is focused on the exploration, development and production of crude oil and natural gas resources in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. The Company’s British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Comment by PabloLafortuneon May 14, 2024 12:34pm
120 Views
Post# 36039055

RE:RE:2024 Out of Control Insider Sales ?

RE:RE:2024 Out of Control Insider Sales ?MHP, I would never question Kelt's integrity. Like you said, they have their own money in the game and have had since 2013.

I just think poor decisions are being made. The stock doesn't have enough daily volume for management to dump 385K shares in a quarter. Either they set aside $10-12M a year from the capex budget to buy back the 2M options they issue every year, or don't issue them at all. I understand this is part of managements income but what about shareholders' income?  Management is investing their current labour, we're investing our past labour.

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