Kelt Exploration Ltd T.KEL

Time to unload some .......

[mrmomo]

Well friends, this was a GREAT, fatastic & profitable ride from just a few short months ago when i got back into the stock around $4.50.. At that time, i said that though it was cheap for what the company had, Kelt was'n't going anywhere UNLESS there was a buyout in the works. And from looking at the insane trading over the last few months, that could STILL be a VERY likely scenario. As i do expect Kelt to undergo somekind of transformation, whether by buyout or something similar to what Spartan went through.

But JUST incase....i'm wrong here.....and there's no TO in the works, then i think i would be very wise for folks like me who bought at the bottom to take some much earned profits at this level. Why you ask? Because according to my calculations, even with a buyout, we're at almost FULLY valued levels with Kelt & energy prices where they are. So the risk/reward ratio isn't to our advantage any longer. So with that said, i've unloaded another 1/3 here and will keep the remainder for a potential TO........should it actually happen!

GLTA

[alta0264]

last half of July saw short positions reduced to just under 600k shares. How much remains after this week I wonder or was this new buying driving this?

[mrmomo]

Even tough the shorting positions on the stock had some impact on the stock, i don't think it's the primary reason for the trading. This is a pretty obscure small Canadian company which doesn't trade much, so the professional American shorts won't bother with some thing like this. And they usually don't with anything Canadian, unless is a well known mega corporation which

[alta0264]

Thanks for this. My question is, who is buying shares at these levels and under the current market scenario that you dexcribe? 

[mrmomo]

"My question is, who is buying shares at these levels and under the current market scenario that you dexcribe?" My guess.....assuming that there's an actual TO in the process.......or at the VERY least somekind of major transmortation ongoing in the company...........being either some divestiture or spinoff or some combo of both....then i assume as it's usually the case, it'

[Oldnagger]

During the past year , there have been at least 5 price spikes equal in magnitude to the latest. None of them related to a take-over . Maybe something else is going on or maybe the latest price increase is simply related to improving fundamentals .

[Seppelt]

Could you rising oil prices and the consensus in the market that they will keep rising. And there is a recent rise in natural gas prices approaching $3. Commoditiy fundamentals are improving, at least for now.

[PabloLafortune]

US natgas prices have to go up to incentivize producers to add rigs back otherwise the lost production from wells not brought on line will accumulate to the point where it will start having a significant mpact on storage. My guess is they need another $1 to $1.50 (November is $3.40 now). So as you can see, I see even more upside iwth US natgas than I do with oil. Kelt has a lot of natgas coming

[mrmomo]

"Could you rising oil prices and the consensus in the market that they will keep rising. And there is a recent rise in natural gas prices approaching $3." I'm assuming you're asking ME this question. Perosnally, NO. I don't see energy prices going up through "organic or "normal" means solely based on supply/demand factors. As i've been telling folks here