RE:RE:RE:Watching Paint DryTo be clear MHP, I'm still (bag?) holding vast majority of my Kelt. I'll see if I can move my account from BMO to another bank because its just bizarre to say the least that they don't margin Kelt at all.
By the way, I'm a little perplexed how Kelt added 25MMcf of Wembley gas processing in Q4 and 20MMcf at Oak last month and still can't reach 36,000 boepd ++. By my napkin calculation, that is 6-7 boepd added at Wembley and 3.5-4Kish at Oak, and they were ~28-30Kish before those additions. So theoretically the run rate should be 37-40K right now before CSV (CVS is a US Pharmacy)
Hopefully Kelt has added some HH hedging/marketing exposure because even the natgas bears are bullish right now (storage report was disappointing, didn't stop HH from rallying). Natgas rig count going down again last week is a strong indicator that producers arent there yet in terms of ramping back up (even though the 6 months strip is like $3.18ish now, I think they want/need $4 before they start hedging which is fundamental to how they operate down there).