Post by
InsideEnergy on Nov 26, 2021 1:19pm
what ate you talkin about
wembley is far from Oak. Processing at wembley is eazy. lots of plants in that area and lots of pipes in the ground. Oak is different. It is out of the mainstrean montney growth areas. Kel would have limited processing.
so I ask you owners once again, if you have so much interst and own kel for Oak, who owns area plants and what capacity is open? does the area have capacity for kel to process say 50Mmcfd? I doubt it exist there yet. You owners should know. If I were long it is something of import I would know.
I know pipe and wembley and progress and valhalla have lots of mid streamer plants... well a least 4 I know of.. but Oak... not sure, so come on longs someone must know for goodness sakes. what kind of investors own a gas producer and condy to a leaser extent, make no mistake kel is still a gas heavy producer and will be as 60 so percent of their commodity mix is gas, you need to know if it has plants to grow, or maybe it is constrained for a few years until the plants catch up to the growth.
kel is hit harder than others today, and you could have read I sold aav a few days ago with a 4 bagger. graet timing there..
made out well there and movin on.. still got aav and kel and nva on my radar if they correct 20% or so I might buy back into one of them but kel would need to prove to me they have the ability to grow at Oak and that means processing the gas from Oak. is it there.. not sure will wait for maybe one kel investor with the smarts to know that imporatnt bit of dd, goodness sakes guys get with it
Comment by
PabloLafortune on Nov 26, 2021 2:38pm
Whatever the reason, the latest presentatoin and PR downplays Oak in favor of Wembley. They have done this more than once this past year (ex Pouce Coupe Oil), which shows the diversity of their asset base and their nimbleness.
Comment by
Cheadle12 on Nov 26, 2021 11:19pm
"On November 3, 2021, Kelt started up the Oak 6-35 facility. There are currently 11 wells connected to the facility. These wells continue to clean-up and initial production rates are meeting the Company’s expectations. The facility has gas compression capability of 33.75 MMcf/d, oil handling capability of 6,290 bbls/d and water handling capability of 7,550 bbls/d" ~TGC.