RE:RE:Kelts Charlie Lake - adjacent to TVE Charlie LakeWhat you can look forward forsure, is increased production and a increase share price in My Opinion.
I expect that will well pads now in Wembley/Pipestone you can expect better well economics, more Charlie Lake production, and more cash flow.
Kelt doesn't pay a dividend because they have vast investable resouce base, that needs capital. They dont do share buybacks because every year they add significantly to the Net Asset Value. Producing 50,000 boe/day they will not need to pay down debt either.
Kelt has a very reasonable share count and it does not make any sense to use capital to buy back shares.
Kelt shares are going to aggresively increase in value from here. I belive in my opinion we are at the bottom and Wembley/Pipestone by itself is worth a lot of money....
It gets a lot better in 2025, but really think about it they are going to complete 32 wells in 2024, that is a massive number of wells.
Kelt is off to the races, and it only get better from here.
IMHO
MHP