RE:Kelt Value - $8.70 to $9.70 Year End?I do think the value of Charlie Lake is under stated, and there are quite a few Charlie Lake wells coming on to production before year end.
The Charlie Lake well costs are less than the montney by quite a bit, and the oil ratio is close to 70% they said in their presentation, Charlie Lake will continue to be a cash cow especially with all the wells recently added.
Kelt has been adding Charlie Lake Lands, and i expect with AAV recent acquisition in the area the will be some land swaps happening to enhance the Charlie Lake value and opportunity.
Kelts asset mix is great, and they some additional Montney in the Pouce Coupe region that really has not had much exposure.
I would not be surprized if they just sold off those high deliverability blocks of gas production.
Great day to buy more Kelt shares....
MHP
IMHO