Bullboard - Stock Discussion Forum Kelt Exploration Ltd T.KEL

Alternate Symbol(s): KELTF

Energy Oil & Gas E&P

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

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TSX:KEL - Post Discussion

Kelt Exploration Ltd > Equals no more

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Post by upinmuskoka1 on Oct 30, 2023 10:18am

Equals no more

I always considered CREW and KELT to be somewhat equals in the O&G sector. KELT has been pulling away leaving CREW to eat their dust and the spread seems to widen each week lately.

Are their any reasons for this?

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Comment by PabloLafortune on Oct 30, 2023 10:48am

Crew is only in BC and their plays are primarily natural gas which is a mess right now (EQT biggest operator in the US said in their Q3 last week that 1) in their estimation, Haynesville shale - EQT operates in the Appalachian - is losing money at current prices and that 2) they foresee increasing price volatility in the future ie annual feast and famine). Kelt is also in BC albeit less developed ...more

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Comment by upinmuskoka1 on Oct 30, 2023 11:19am

I also think the overhang of the impending 4 year plan is holding back CREW. I hope Dale is a bit more forthcoming regarding the FID in the 3rd qrt results on Nov 8th.

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