Run Up is Commodity Price Driven -OilThere is a big focus on the OIL PRICES, hence the price increase, Kelt has oil reserves.
However today were starting to see a little action in Gas, we know that gas can not continue to trade at the current low prices.
The CVS Albright plant is ramping as we speak, the equipment has been on the ground for quite a while, and have staffed the plant.
The monthly reports posted "PETRINEX" by teashade show a continue ramping of production since july.
So we kind of have quite a few things happening all at the same time.
1: We are seeing oil get some legs.
2: We are starting to see gas catch a bid - The weather is getting colder.
3: Kelt is starting to tie in a number of Charlie Lake wells.
4: CVS Albright plant is ramping up, and likely some spotty production ties in by Kelt.
5. Wembley/Pipestones Pads coming on stream.
Kelt my be one of the safe places to put new money while the market is surging, because their production is about to surge.
Next week we should see better results then Q2 in the Q3 reporting, looking forward to a rampup as we approach year end.
Good Luck to all.
MHP
IMHO