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Bullboard - Stock Discussion Forum 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... see more

TSX:KEL - Post Discussion

Kelt Exploration Ltd > Tic tac toe
View:
Post by Grandcentral on Feb 12, 2021 9:59am

Tic tac toe

Three in a row!!!
Feb 25th News Release
March 11th News Release
New targets generated by new business model and much higher commodity prices....
We will be off to the moon soon enough!
Comment by OGGambler on Feb 12, 2021 10:17am
If they could hedge all new drilling until payback (12 months or less) that would be by far the best E&P business model - grow fast when commodity prices are cooperating without incurring any long term debt (as the drill program gets paid back by the first 12 months or less of production and the hedges) - backed by decades of drilling locations. You're borrowing yes but there is a very ...more  
Comment by OGGambler on Feb 12, 2021 12:09pm
Tic - No debt.  Tac - decades of drilling locations. Toe - unique business model?
Kelt Exploration Ltd
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