Post by
MyHoneyPot on Nov 18, 2022 11:35pm
Kelt looks cheap
It seems to me that Kelt has had in both Q3 and Q2 plant issues that have reduced production. It also looks like they will have a moderate capex spend in the third quarter, 50 million dollars and end the year with zero debt.
In 2023, next year more capex will be directed towards drilling and less towards plant.
I actively trade Kelt in my registered accounts, and had previously owned Kelt, sold it off and now i believe i am back for what is see should be a big runup with zero risk. They will have not zero debt and i expect to see a bit of a production surprize to the upside.
I think their actual production number are a bit understated, because of shutting in production because of AECO prices and plant downtime, they are a little vague in regards to the amount of production that was locked in because of price.
Next year their focus area is big wells, and with a convervative capex program, they will never be over extended, and with a market cap = enterprize value of approximatel 1 billion dollars. My guess they will produce 30,000 boe a day in Q4 i would guess they are trading at 1/2 price.
It all looks good to me, i am looking to have a dicussion with management in the next few day.
IMHO
Comment by
RusticHit on Nov 28, 2022 10:34am
Do you think this could perform like POU or NVA did then Tell Richy Ray to load this Up as he could Move the stock with his Big Money ,,,