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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd oil and gas company. The Company is focused on the exploration, development and production of crude oil and natural gas resources in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. The Company’s British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Comment by Trappedon Sep 26, 2024 9:49am
36 Views
Post# 36241992

RE:Kelt is positioned to produce 60,000 + BOE day

RE:Kelt is positioned to produce 60,000 + BOE dayWhat does Prestine mean? Is that some kind of antifreeze?


MyHoneyPot wrote: Kelt balance sheet is prestine from the perspective that they anticipate they will be producing some where around 50,000 boe/day buy the end of the year.

If prices fall, Kelt growth does not depend of massive Capex spends, you could legitimately say a company that produces just over 30,000 boe has a massive 325 million Capex plan. This is massive when you complete 32 wells Montney/Charlie Lake in the same Calendar year and you only have to replace the reserves on roughly 32,000 boe/day of production. 

In lower price enviroments, company share buybacks will evaporate, they will not be able to prop up their stock and dividends dry up, the the stimulus to prop up market caps for some energy companies will evaporate. 

Kelt is currently sitting on a ton of reserves, and with a low cost structure - oil rich highly economic proven reserves, just means they will have the flexibily to accelerate or slowdown development.

The future is all within Kelts control, and they have set the path way to 68,000 boe/day in 3 years time, if they acheive this what will the stock be worth?

Kelt is positioned to be the most exciting place to be in the Canadian energy landscape.

MHP
IMHO


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