Kelt Exploration Ltd T.KEL

Too good to be true? Or in the clear?

[Grandcentral]

Three months ago, things were pretty gloomy. Lockdowns and casses are worse now, yet markets in general are at all time highs? Are things really better globally now than a year ago?
Oil stocks are far off those record highs, but is oil primarily roaring now because of opec+ cuts and promises? OPEC is now down to 75% compliance. Wells keep getting brought online in North America, and demand isn't going anywhere fast with more planes being grounded and factories being challenged from lockdowns and Covid.
I like Kelt - just wondering if now is the time to buy more, or take some profits? Are oil companies due for a pullback from the recent rally mostly because of OPEC and the extra million curtail? I don't like how much influence OPEC has over pricing, does this concern anyone else? Seems like they are basically performing global insider trading with how they manipulate supply and prices, all while buying on the lows they contribute to. I'd rather see hard evidence and demand driving prices than manipulated artificial supply reduction. Thoughts?

[Seppelt]

Grandcentral, These are all good questions and you are not alone here. Should you sell hoping for a pullback? Or should you just hold but stop adding preserving cash for a possible pullback? Or should you keep buying ignoring weak demand and believing in production control and discipline until there is evidence of demand recovery? No one knows the right answer, just follow your own experience and

[Grandcentral]

Thanks Seppelt. Sometimes it's hard to listen to your gut, when the answers are actually right in front of you. I've taken profits and will look to re-enter with a lower price or better economic sentiment overall - too much disconnect for me right now. I like the company and it made me some good money over the last 6 months - maybe not as much as some others, but I feel comfortable