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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 > Kelt STILL on a rampage....
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Post by mrmomo on May 24, 2023 11:24am

Kelt STILL on a rampage....

Looks like there's no slowing down here for the momentum Kelt has been building up for the last two months or so. Still going parabolic.........BUT for what reason? Is this a big nothing burger or is something actually up here.... as The famous Rock use ot say........."Do you smell what the Rock is cooking"? LOL..........Or in this case.......What is cooking with our dear Kelt?

I still say the chances are VERY strong with the Jedi Force that though Kelt will not give in or fall victim to the Darkside, it will most definitely "transition" into a new form or entity. This for me isn't a question of IF but WHEN.....

My Best guess or case......Kelt mgmt will sell off core assets in Peace River/Pipestone to "someone" And then spinoff Oak/Progress into a NEW entity so the Kelt Team can avoid retirement and continue to play never ending muscial chairs. Why Progress with Oak and not only Oak? For the same reasons the Spartan Team did it with their spinout of PC, Flatrock & Simonette. I won't mention the reasons WHY on here, because some folks/fools on this forum don't deserve all this valuable info and will have to find out for themselves the hard way.......if they even can....lol

This is getting really interesting now.......so let's see where this goes. As an outright buyout of the company i can see about $8 for Kelt.........no problem. But if spinoffs are involved.......not quite sure what they can fecth as a lot of the value will go into the new entity and with Kelt mgmt. or Kelt version 3.0...


GLTA
Comment by PabloLafortune on May 24, 2023 12:33pm
Spartan did get a good price for their Gold Creek/Karr asset - just compare what Chevron* paid Monday for PDC Energy a pretty fully developed 250,000 boepd US play - but it was 37,000 boepd already.  Whereas Kelt selling any major asset now would be selling themselves short IMO.  Good things come to those who wait. By the way, that PDC transaction was a complete no brainer for Chevron - ...more  
Comment by mrmomo on May 25, 2023 7:49am
"Spartan did get a good price for their Gold Creek/Karr asset" Yes they did get a good price. This is NOT in question. "just compare what Chevron* paid Monday for PDC Energy a pretty fully developed 250,000 boepd US play" Well, you see that's the problem. You can compare the Chevron-PDC deal & apply it to Kelt in some manner to extrapolate some sort of value.....but ...more  
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