Kelt Exploration Ltd T.KEL

KELT Should Be Breaking Away

[bonjovi501]

but something is keeping us down and should be over $4 with ease. NatGas over $5 and we still sputter. It is time to run hard......

[alta0264]

No sustained buying from general public is the problem in my mind. Also many investment funds have restrictions on what they can invest in and oil and gas production is not on the list. I wonder if people are waiting for the outcome of the Canadian election as well.

[alta0264]

it seems the short position holders are getting after it today. No serious pullbacks so far. Common 5 bucks!

[Barkis]

... natural gas and related equities are some of the hardest to be invloved with. Seems that there is more to it than meets the eye. The object seems to be vendetta and putting people out of business. Producers go bust at the low end and offside financial types go out of business at the high end. The government will probably step in and help with peoples heating bills this winter. They did that

[PabloLafortune]

RBC updated their model for Kelt very recently I believe.  They're not pumping but its bullish ($4.50) in the sense that they're paying attention now.   I'm more optimistic than they are but then they're RBC and I'm a nobody - you take what you can get!!! GLTA

[alta0264]

Very telling action from Kelt today. With other markets under pressure somewhat Kelt would have sold off pretty rapidly after a big move up. Someone alot more motivated to buy it looks like.

[PabloLafortune]

I understand that a couple of the analysts are estimating 30,000+ boepd for 2022. They must have finally looked at the new well count and figured it out. But no ratings or target change so for clients only.

[alta0264]

Maybe shareholders have it figured out. Despite rallying 70+ cents per share sep1-sep15 shorts only managed cover about 4% of their position if they were trying.

[PabloLafortune]

I honestly dont understand how shorting works. It would seem they would lose their shirt but i will guess they have ways to hedge to mitigate those losses. What I know is this: Its been 7 weeks w/o news since the Q2 release yet share price is up quite a bit on what I would characterize as low volume. While the devil is in the detail, the Bay Street analysts have way too many companies to cover so

[Seppelt]

The co may release a production update, otherwise there won't be any news until Q3. Unless there are some transactions, who knows. In the states COP bought Shell assets. Big news, stocks may rally even if oil stays flat.

[PabloLafortune]

One man's trash is another man's treasure.

[Moemoney42]

A new 52 week high is nothing to sneeze at.. now if they were to introduce a small dividend you'd see those shorts cover quickly.. and the share price move up even higher.. ;-)

[Proceeds]

Run Shorty Run , best cover, actually no wait a bit and cover from 5-6 bucks ! 

[PabloLafortune]

By the way Kelt shareholders, the $9M asset sale was Charlie Lake acreage to Tourmaline (500boepd, 10 tier 1 locations) per TOU's press release today.

[alta0264]

could this be TOU snooping around and gathering info before buying a potentially larger piece of KEL?

[PabloLafortune]

If TOU or ? bought say 20% of Kel, it would be tremendous validation of DW's strategy and IMO a very good investment (but then Im biased). What Rose is doing for TOU and for the industry leading by example is a sight to behold. What's good for the goose is good for the gander.

[PabloLafortune]

By the way, COP just hired RBC to sell US$500M of US assets. Makes you wonder if Inga/Fireweed is in play.