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Bullboard - Stock Discussion Forum Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

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 > * Insiders are buying, Again *
View:
Post by MustangMatt on Jan 12, 2023 6:48pm

* Insiders are buying, Again *


Good posts lately, good reading.  Today Kelt closed above the 20 day moving for the first time since the beginning of November 2022.  Pattern change identified.  Technical indicator MACD turned positive, and short term resistence is $4.96.  In my opinion a close above $4.96 should push the stock to Mid $5.20's or near the top of the bollinger band.

One final comment.  Kelt has a history of selling assets about every three to 4 years.  I would not be surprised to see them transact some kind of asset sale within a year ( Patterns again)  Cheers Matthew
Comment by viksanta on Jan 13, 2023 1:37am
This post has been removed in accordance with Community Policy
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