Kelt Exploration Ltd T.KEL

Top wells in December

[Seppelt]

COP reports strong wells in INGA (former Kelt?). Among others, Longshore drilled a very strong Charley Lake well in Gordondale. 

https://boereport.com/2024/02/05/top-well-report-december-volumes-conocophillips-and-ovintiv-close-out-2023-with-massive-wells-while-arc-resources-has-7-big-condensate-wells/

[PabloLafortune]

16,000 shares traded in 90 minutes. Nobody is interested in owning Kelt. The Inga firesale 3.5 years ago is a really bad look. 

[Bronson101]

If Kelt didn't sell Ing off 3.5 years ago, the company would probably not exist today. It was a huge loss, no doubt, but it was necessary at the time. Credit holders were very much to blame for that transaction. 

[MustangMatt]

My screen has the 52 week low @$4.29 Pablo.  Volume has fallen off 50% since last autumn.  The Inga firesale was MANAGEMENTS fault period.  They borrowed the money they were overleveraged, they had a poor relationship with their lender's. In my opinion an activist investor is what this company needs.  It won't happen because mangement owns to much stock and could block

[PabloLafortune]

MM, Im usually the first to panic when stcks crash take my tax loss etc...but for whatever reason all I cancthink of is to but more, this is a steal. Im not privy to what went down with Inga but between banks and Kelt, I'll trust Kelt every time. Just looks bad.