RE:RE:RE:What is the verdict on Q2 ER Release?Thanks for showing yours! LOL
Yeah you are obviously long and for good reason. Management's track record makes this an easy hold for you and was a pretty easy pick up for me as I am hoping to use this to add some low cost shares to my VET holdings eventually. With VET at over 20% ownwership I think it's just a matter of time before they take it too. I'm not sure if they will try to leverage a higher share price when and if it rerates or if they will just save the cash and buy it like LXE. They appear to be generating a lot of cash and have met debt targets so I'm not sure how much they will throw FCF at buybacks. Until the share price rerates is my guess and then....?
One thing I had noticed on Kelt's board was a comment about Kelt's Oak land holding being the last major Montney land block that isn't owned by a 10B plus company. 200K acres.
A combined entity of VET/CEI (as I am seeing them refered to on other boards more and more) would hold I believe 177k Montney acres and with a combined market cap of less than $3B makes the total package appear compelling from that standpoint alone.
And you're right. It's quiet here. Maybe they don't want to let the cat out of the bag. ;-)
GLTY and all