Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

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 > Riddle me this..
View:
Post by Cheadle12 on Mar 11, 2021 6:24pm

Riddle me this..

I think it's pretty clear what Kelt's strategy is here.  We can debate about it and that's great, but here's what I think.

Oak is a keeper.. they're developing this asset.  Drilling & will build out, this is a gem, their crown jewel (in the same way Attachie is to ARX).

Wembley generates excellent FCF, so this is the other half of their drilling.

The rest..  it's non-core.. I think AAV will be acquiring as AAV's balance sheet is superb, they've been flat and their assets are hand in glove with Kelt's.

So they'll sell the non-core to AAV & they'll put that money to work at these commodity prices to building out the two main assets.

Offer an opinion on why this won't happen?  Or agree... keen to hear the thoughts here all.
Comment by geologist77 on Mar 11, 2021 6:59pm
The value of what someone is willing to pay for montney undeveloped land and what it's potentially worth in a rising commodity environment will make deals very hard. The distressed situations are gone for the most part, with the exception of some privates looking for liquidity. Congrats on the nice move today kelt.  The market is very hungry!
Comment by smocher on Mar 12, 2021 8:35am
Certainly dovetails with my thinking, cash is king, AAV can access it better than KEL
Comment by PabloLafortune on Mar 12, 2021 11:03am
I don't know jack about this stuff but it does seem like AAV and Kel would be good partners to swap assets.  By the way, reviewing the Q4 #s, the 2021 forecast and the non Oak wells being brought on line leads me to believe that the 10 Oak wells being brought on line in 2021 are pure upside to 2021 production esp in Q4 and of course to reserves (the FDC for BC montney in the 2020 ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities