Kelt Exploration Ltd T.KEL

Alternate Symbol(s): KELTF

Energy Oil & Gas E&P

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.

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Kelt Exploration Ltd > Share buy backs do not serve Share Holders

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Comment by Trappedon Jun 17, 2024 2:15pm

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Post# 36092525

RE:RE:RE:RE:RE:Share buy backs do not serve Share Holders

I will buyback into ARX at $17.50 on the next downturn.

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Don't hold your breath.

MyHoneyPot wrote: Between share buybacks and the worst hedging program in the history of OIl+Gas, Arc has evaporated more that 3 billion dollars of shareholder capital.

Imagine if they had that on the balance sheet, all they are doing is cycling your money, paying a measly dividend while they buyback shares when commodity prices are good, paying to dollars.

I will buyback into ARX at $17.50 on the next downturn.

IMHO