RE:RE:RE:RE:RE:Share buy backs do not serve Share Holders>>Kelt will be dripping in cash in 2025 and likely will change the way they do things.
They'll have revenue but also the cost of maintaining their production growth, I think true FCF is still a 2027 event. They need to grow significantly to hit their processing commitments and current NG prices aren't helping the ROCE. Their maintenance capex will grow in tandem with production, slightly offset by lower opex/boe as they move to more efficient drilling and less infrastructure spend.
There's a ton of value here so giving it away via new shares that are dumped on the market stings as a retail holder.