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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 > No debt?
View:
Post by Konaboy on Nov 08, 2021 12:16pm

No debt?

What are they going to do with all of that ca$h ???
Comment by kelsterman69 on Nov 08, 2021 1:08pm
Hopefully they start returning some of it to shareholders  and also use part of it to it to start increasing production at a reasonable rate.  im not too familiar with this management team.   Probably others that know Kelt better in this thread could speculate for us?   Cheers
Comment by PabloLafortune on Nov 08, 2021 2:13pm
No news for 3 months even though since August they're supposed to have brought 17 or 18 wells on line (3 Pouce Coupe oil, 2 Charlie Lake oil, 3 Wembley oil (1 of which is November) and 10 Oak oil/gas wells). Even though theyre growing strictly on cashflow ie without dilution or debt, share price has lagged...Nobody cares about debt free anymore, banks are lending again. Lets see the press ...more  
Kelt Exploration Ltd