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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.


TSX:KEL - Post by User

Kelt Exploration Ltd > Crew is it worth more than Kelt?
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Comment by teashadeon Aug 13, 2024 6:45am
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Post# 36175963

RE:Crew is it worth more than Kelt?

RE:Crew is it worth more than Kelt?>>Kelt is off to the races, and will be dripping with FCF next year

I'm curious on your numbers. Q2 2024 AFFO was ~$43M and capex was $74m. As the treadmill is just starting up for KEL I expect the 2025 capital program to exceed 2024's pace.

2025 AFFO could be $350-400M (that's ~$100M/qtr! More than double Q2 2024...to accentuate how optimistic I'm being) but capex is going to be at least $400M for 2025 and...I'm willing to bet on this, negative FCF for the year.
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