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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 > $65 WTI / C5 & Inga was sold at the bottom of the market
View:
Post by Cheadle12 on Mar 04, 2021 12:52pm

$65 WTI / C5 & Inga was sold at the bottom of the market

Sold when Oil was $5 per barrel.

Half the production gone.

Sucks.

What's next ?
Comment by stockfy on Mar 06, 2021 3:20am
KEL usually burns cash. It's typical for KEL to overspend. KEL can't increase its production within cash flow. So KEL will increase its debt again and will sell some assets to reduce it after a couple of years.
Comment by Grandcentral on Mar 12, 2021 1:39pm
Kelt Exploration Ltd
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