Kelt Exploration Ltd T.KEL

Are there any catalysts for

[Cheadle12]

this name? 

Or will they sit debt free, drill some more and just more or less do nothing overly creative for another 2 years.

This stock is becoming super boring.    

What are the catalysts for Kelt?

[Oldnagger]

Boring, indeed, and let's keep it that way !!

[Cheadle12]

You know I like this name OldNagger.. have held for some time now.  I'm okay also with Boring.. they're up to something, always.. this is an excellent mgmt. team.   Pablo knows this too.. It's a company you can buy, hold, wait and wake up one day to some good news.   ~TGC.

[PabloLafortune]

Well said - this is exactly right. You should have 100 thumbs up for that sentence. This is the business Kelt/DW is in.   All the netback/forecasts/well results/posts/opinions and I've had literally hundreds on this stock, have absolutely no value.  You can go on a 365 days world cruise without internet and come back knowing your money is in safe hands (as long as you don't

[Oldnagger]

We are all here for different reasons. Yet we are all here just the same. In my case , I have to sell something more to get further in. So even though I really like Kelt and have already bought some, I am trying to think of what else to sell. Problem is all my investments are showing great potential. YET,  I crave growth, so presently I  am waiting for Q1 results are and more importantly

[PabloLafortune]

Hopefully there are some good news next week that overshadow the hedging losses.

[jofa]

Why are hedges considered losses? I thought it just means you don't profit as much...thx from any reply

[TouchDown12]

True - but it just gets interpreted as leaving $$$ at the table (potential $$). Anyhow, always seen as a black eye in a rising price market. However, they still have unhedged produciton that has to be going through the roof right now. 7+ HH in shoulder season???? Just wow!!!! Have a good weekend you all. TD12

[InsideEnergy]

yes why it is loss?  waiting for someone to xplain it... it is mark to market, it is accounting, not a real monetary loss, an accounting loss cuzz they value the hedges to market prices each qtr.  in the end those losses protect profits in the future anyway, without those losses the tax bill would be higher... but newbies have  o clue as I said  lol  now never, ever own

[Oldnagger]

Some of your points may be valid and worthwhile listening to, but your condescending attitude is annoying and certainly not humourous LOL

[PabloLafortune]

You make less correct so no biggie. But you pay royalties on the market price not the price you hedged at. Moreover, the % royalty increases as prices go up. Basically the revenue is fixed but the cost (royalties) is not! This could become a problem if NG price spins out of control for any reason. Also, the mark to market (realized and unrealized) losses incl royalty uplift is now in the ballpark

[PabloLafortune]

The catalysts are high commodity prices exacerbated by war, huge land base relative to production (best in Canada?) Ie room to grow 4x IMO, spending 100% of cashflow on capex (unlike most peers), decreasing infra spend as % of capex, increasing oil mix ( due to Wembley) which translates into higher netbacks and, mgmt focused on the basics rather than doing anything creative........the constraints