RE:RE:Kelt downside - be awareI'm in the camp of sell as well but it sure would make life easier to sell at higher commodity prices!
If you are one of the big players and have good cash flow, good infrastructure, and an intelligent hedging department, then you can responsibly take on debt to do projects. For these small and mid-cap players, debt is pretty risky as the cash flow can evaporate pretty quickly.
The Crew sale was a good reminder to everyone what Kelt could be worth in terms of a takeover premium once the processing facilities and wells are operational.
LR