RE:Better to be lucky than good
As I contended a while back my outlook for North American nat gas is/has been more bullish than yours Mr. Lafortune. Alot of the excess gas from the Permian is still trapped by pipeline constraints, and is still being flared. My understanding is that this may be coming to end through pipline egress over the next few years. Howevr, Natgas is still a swing energy source, the old adage still plays, the cure for low prices is low prices.
I am speculating now, however, one possible scenario for the increased Oak/gas drilling by kelt could be preening themselfes to a potential suitor. Honey Trap is not wrong about the fact that Kelt has the play and acreage type that make them attractive to be taken over by a major.
LNG is a big boy game and Kelt's management has connections to these players Conocophilps, and Exxon for example. They walk in these circles, for all thier shortcomings bigboy dealmaking is not one of them. My speculation for years has been that as Coastal Link completion nears, Kelt is going to be sold whole or in part. Im my opinion that is the endgame that ultimately pays out shareholders for the WIN!
I think Kelt is a second half of this year story, and the time to buy will be coming, cheers Matthew