Post by
Cheadle12 on Feb 26, 2021 8:08pm
OK. Reserves are out. Stock is down. What now?
What's the next catalyst. Reading the posts on here it seems that people think this stock should have soared up to $3.50 on the reserves update.. sadly, it didn't.
Looks like Eric Nuttall was right.. this one is dead cash sitting here for probably a year or two until they make some moves, grow production or buy out Crew or Advantage.
I made a mistake & should have dumped this before the reserves report.. I will next week. Clean up my portfolio and get rid of the "hope" stocks. This one has seen it's day and that day has come and gone. Probably even Rafi "Laughy" Tahmazian has dumped it and moved on (to Pipestone or NuVista) stocks with more catalysts.
The posters on here got it wrong. Admit it.
Comment by
stockfy on Mar 06, 2021 3:31am
One of the key problems with KEL is that KEL usually overspends. See its annual cash flow and its CapEx over the last years. KEL can't increase its production within cash flow. So KEL will increase its debt again by 2022 - 2023 and then will have to sell some assets to reduce it.
Comment by
Wildcattter on Mar 06, 2021 11:48am
This post has been removed in accordance with Community Policy
Comment by
Cheadle12 on Mar 06, 2021 12:21pm
This guy wildcattter loves to make up stories, is TAO a brand of green tea? He's bagholding AAV from $4, bagholder!!