RE:RE:As The Kelt Board TurnsWell I guess it really revolves around 3 things because two of these points, 1 and 3, both seem to be about Sunrise. LOL. Leave it to the poo pot to not be able to count to 3
1. The Largest Hedging loss is the history, the removal of the hedging endorsement video by management, the investment in dry gas at Sunrise that has result with more shutin of that production. No meaningful growth in 3 years.
So he is dissing the little Sunrise play that made all the cash that bought VII and left the poo pot feeling...well pooey. ;-) Tripled the share price in 3 years while paying a dividend but no meaningful growth. LOL 2. Option farming, a management team who is fully optioned up, and feel return to share holders is buying back 1/2 the outstanding share without changing their option allocations. Simply doubling up on options, while evaporating capital off the balance sheet. Option Farming is poo pot's new buzz word taught to him by his own board bashers because while ARX is set to exit 2024 with millions less shares than it started it with Kelt is set to exit it with millions more than they began it with thanks to their managements option farming and insider selling something that is not going over very well at the Kelt board. 3. Investment in postage stamp plays like sunrise, that are now shut in waste of time and share holder capital and the companies time and capital. That brings us back to LOL you guessed it Sunrise...Again. Well I'll use his own words from his own post to negate this BS. "Oil companies do have capital investments sometime in terms of drilling, you can have cash in the bank or perhaps in a highly productive gas reserve (DUC) with the intent to bring it on when prices and hedging will support the production economically. There is strategy to all this drilling, its not done without consideration for cashflow and enterprise risk. " 4. The continued neglect of Kakwa and its especially low condensate performance in the last quarter. 54,265 boe/day Q2 2024. Maybe this is a strategy for ARX desimate the value of the Kakwa resouce so its performance is inline with attachie. Remember the Brady bunch's Jan as she lamented her sister Marcia! Marcia! Marcia! Well this is the poo pot version: Kakwa! Kakwa! Kakwa! You know how you love to say that Kelt is going to exit 2024 with 50k total boe/d production poo? Well ARX is adding 40k boe/d production to their 350k boe/d and doing it with less shares not more. Attachie and Kawka both up and running and you dreaming of a future oak play Thanks for dropping by poo ;-) GLTA ARX BULLS
MyHoneyPot wrote: If you guys want to keep talking about me, maybe I should honour you with my presence.
Some of my past comments really revolved around 4 things.
1. The Largest Hedging loss is the history, the removal of the hedging endorsement video by management, the investment in dry gas at Sunrise that has result with more shutin of that production. No meaningful growth in 3 years.
2. Option farming, a management team who is fully optioned up, and feel return to share holders is buying back 1/2 the outstanding share without changing their option allocations. Simply doubling up on options, while evaporating capital off the balance sheet.
3. Investment in postage stamp plays like sunrise, that are now shut in waste of time and share holder capital and the companies time and capital.
4. The continued neglect of Kakwa and its especially low condensate performance in the last quarter. 54,265 boe/day Q2 2024. Maybe this is a strategy for ARX desimate the value of the Kakwa resouce so its performance is inline with attachie.
Rookie management with no previous experience in the roles of CEO/CFO.
MHP
IMHO