Kelt Exploration Ltd T.KEL

KELT Should Be Breaking Away

[bonjovi501]

not to sure why KELT is being held down with our great balance sheet and NatGas flying high. Should be over $4 with ease..........

[TouchDown12]

Shorts... as i wrote in an earlier BB... shorts are holding this down... 7.5M shorts all under water at 3.61.... Think abount that..... When they give up they have to start to buy those shares back. Right now they are trying to average down in a melt-up (re-purchase price) just like longs do when we average down in a melt-down. $4 easy when they do combined with some good news out of KELT. IMO

[PabloLafortune]

Warning: Pablo Scenario.  Sheer madness to be short this stock.  At current commodity prices I figure Kelt may generate an extra $35M cashflow in the 2nd half which means they can possibly complete all those wells and finish Wembley phase 2.  Thus 2022 production baseline - no new capex, just maintain Oak at 10K - is 35K boepd and 30% oil (most drilling is oily).  At current

[Barkis]

Anyone know who the shorts are. Also, are you sure they are short at ~ $3.50 Thnx.

[TouchDown12]

if they shorted prior to 52 weeks ago.... (they are in at 3.61 or lower at 52 week high)....then I wouldn't know. I figure most shorts would have put it on in the last year... OR they aren't very smart and left a lot of short dough on the table...(52-week low is 1.34 - so 2.15 lower than today). If they shorted beyond that range i can't analysis stupidity. So yes - my assumption is

[Barkis]

Thank You. BTW.  Things are looking pretty bad at the Port Fouchon oil /gas service port. Can't imagine it coming back any time they are mentioning. They took the full force of the storm. Looks like on top of the wind damage some boats were floating around hitting the tanks and equipment. Seems like a logistics nightmare trying to get anything fixed. A few BCF of gas/day  and >

[TouchDown12]

The shorts must have read my post in the last few minutes as i wrote it - as KEL went up 8 cents in the time i took to write it...LOL... Anyhow, that is why i was buying in the 3.30's this week... KEL felt like a coiled spring - ready to leap up... IMO TD12 

[TouchDown12]

Starting to break away this AM...3.65 as i write. TD12

[bonjovi501]

nice to see price breaking out and reaching new 52 week high but we need to keep price going higher. Would be nice to finish at 3.65 or higher today.

[schoolinmoe42]

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[PabloLafortune]

Today is the tip of the iceberg for the Kelt shorts. 

[PabloLafortune]

The only thing that could possibly prevent Kelt from becoming a much larger debt free company (50,000+ boepd) are commodity prices (which can be mitigated by hedges....)....  Everything else is either in place or will be soon.  Needs to be spelled out for Bay Street though. Mind you, if they're doing an asset sale and will special dividend to shareholders so we can buy more shares it