Kelt Exploration Ltd T.KEL

Alternate Symbol(s): KELTF

Energy Oil & Gas E&P

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

Kelt Exploration Ltd > Oak essentially 200,000 contigious acres of Montney

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Comment by Trappedon Sep 27, 2024 3:19pm

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Post# 36244560

RE:RE:RE:RE:RE:Oak essentially 200,000 contigious acres of Montney

Hedging is generally a cost center that only works sometimes, and strong balance sheet is the best hedge a company can have....

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And in a distressed price environment for a prolonged period, the absence of hedging can destroy the strongest of balance sheets in no time flat.

There's a reason we insure our homes, cars and lives.

MyHoneyPot wrote: With all the concent about hedging be a commodies trader.

There are other companies that don't hedge because they have destroyed billions of dollars in capital over the years.

Hedging is generally a cost center that only works sometimes, and strong balance sheet is the best hedge a company can have.

MHP

IMHO