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 > Kelts is projected to growth Commodity Sales Significantly

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Comment by PabloLafortuneon Nov 16, 2024 2:40pm

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Post# 36316630

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kelts is projected to growth Commodity Sales Significantly

Buybacks don't actually add value. They are essentially a financial transaction between parties. Do private companies 100% owned by 1 individual buy back their shares?

They do in aggregate significantly impact the financial system. They've also played a significant role in destroying venerable companies. Intel for one. GE for another.

Mechanically (versus opportunistically) buying back shares at the individual company level is actually dumb. I could see an undervalued company like VET buying back shares. ARC arguable. Then look at AAV, they bought back a whole slew of shares at $11.20, what's the share price now, under $9?

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