RE:RE:RE:Oil & Gas Reserves development Its alway frustrating waiting for paint to dry...
However for me i do a lot of trading so a company like kelt is simple to understand, does not have a lot of balance sheet risk and had integrity i believe in the management.
So i do go massively over weight every time there is a sell off, then i will sell a few shares opportunisticly.
My core position is actually pretty large, but i try to keep myself 20% liquid (cash) because of trading days where i can make good money on sell offs.
My modus operandi is to trade around value, and value with direction like growth is even easier to trade around.
Another company a little more mature then Kelt is POU, which i love and because they have their fingers in so many private plays, and has a land and drilling company they own, it is impossible to value them on conventional metrics. However they are a get buy when the market sells off, and their float is so tight i can trade it confidently.
Kelt in my opinion is just a few months away from serious CF booast and the balance sheet will likely get cleaned up in short order, and I am sure they are working in the background on securing more Charlie Lake land, and my guess we may end up with Spirit River/Progress, Pouce Coupe Charlie Lake/Montney Gas, Wembley Pipestone, and Oak.
Four play areas with enough opportunity to if one were sold to deploy the capital into others.
MHP
IMHO