RE:RE:RE:14.6 Million BOE/DAY Draw - EIA ReportNot at all concern because i trade on value and don't use Margin, so i will never have a Margin Call, and I understand the intrinsic value of the shares, in my POO view of the world.
I expect the worst case, not the best case that management provides/forcasts because of operational difficulities that they always encounter, some contigency.
I look at Kelt this way, they produced slightly less than 31,000 boe/day in Q2 and will likely exit close to 50,000 boe/day year end (their words). That is more than a 60% increase in production if it happens, lets say they exit at 40,000 boe, that is still at 30% increase in production, do you think that will move the stock. It has to or all other stocks in the market would have to come down a lot more.
I can't time the market but i can actively respond to it and actually sit on cash that i use to buy on down days.
Thanks for your concern..
MHP
IMHO