Kelt Exploration Ltd T.KEL

Portfolio Adjustment

[MustangMatt]

I am a long time owner of Kelt, many years.  I had sold a large amount a while back because other names in O&G looked better, and rotated to them CPG, WCP etc.  I stated as such on this BB, some old timers might remember. Long story short is that I have been rotating out of those names and buying more kelt.  Primarily, I sold a bunch of Whitecap and Crescentpoint and added here big time!

Jan 17, 2022  $5.73 stock price, wti @ $77 by the way
$5.03 September 26,2022 and more recently
$5.42 Oct.18,2022

We must look forward, what does the future for kelt hold NOW, what does 2023 look like.
Nov.1, 2022 all the bad hedges are gone.  Kelt is open Kimono to the "market" price of oil as we speak.

Kelt is producing more cash flow now then at the start of the year, and higer production +-8000boe/day.  Still without any debt.  This company is way to cheap for me to ignore, Recent transactions in the oil and gas space in Western Canada suggest Kelt has the type of assets O&G companies are looking to buy. I.E. Whitecap XTO deal.  Kelt has upside exsposure to high oil and gas prices and the no debt to hedge downside protection of a market colapse/correction. 

The Right Space, The Right Time, The Right Company.  I have put my money where my mouth is.  I have opinied, cheers Matthew

[PabloLafortune]

My exact feeling. I had 7x shares hanged onto too long finally sold some and reduced to 3x, now back to 5x.  It is great value, Kelt is dependent on AECO (is that situation resolved?), high light oil prices is a positive for sure, finally BRFN has to get resolved soon too much invested in LNG Canada to have this drag on much longer you would think.

[TouchDown12]

Great note, Mustang. I started shifting a little to early - so my KELT avg. is about $6.07. However, I do think we will see a positive ER next week; and KELT is developing their properties (as opposed to focusing on ROC). Also, seasonality is helping out (Nov. 1 -March 1); and AECO seems to be settling into real world after Nov. 1. Anyhow, i am excited to make this side bet on Wilson and Kelt

[Oldnagger]

Bought some more today , I am still wary on Gas due to all the warm weather (outside the west) But I have no doubt that crude and condensate are strengthening. Meanwhile both Canadian and US gas levels are below the 5 year average which could add excitement later this winter 

[Moemoney42]

Great timing OldN... Kelt is my best performing O&G stock today, although I haven't bought more lately.. 

[PabloLafortune]

The weather back east felt like Sept. this w/e but the forecast is for temps to drop significantly in the next 2 weeks... Interesting tidbit for me was Pioneer who despite planning 500 drills in 2023 many 3 mile laterals, are forecasting slightly less oil and more NG...so to your point, light oil and conde seems to be the place to be. I wanted to buy more last week as well but am in process of