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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Kelt Exploration Ltd > A conservative oil price forecast (Kelt $75 WTI)

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Post by MyHoneyPot on May 15, 2024 10:03am

A conservative oil price forecast (Kelt $75 WTI)

Kelt does have a conservative forcast for oil prices, $75 WTI, so while the market is down today it should not impact Kelts current plan.

I think this quarter is very significant for Kelt, and soon we will have LNG Canada come online that well be a big boost to the entire industry.

5.09.24	Buy	Maintained	JAMIE KUBIK CIBC 4.6 star rating	$8.50
05.09.24	Buy	Reiterated	MICHAEL DUNN Stifel Nicolaus 0.9 star rating	$10.00
05.09.24	Buy	Maintained	CAMERON BEAN Scotiabank 1.9 star rating	$9.50
05.08.24	Buy	Maintained	JEREMY MCCREA BMO Capital 4.8 star rating	$8.50
05.08.24	Buy	Maintained	MICHAEL HARVEY RBC Capital 4.9 star rating	$8.00
04.18.24	Buy	Maintained	DAN PAYNE National Bank 5 star rating	$9.00

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Comment by PabloLafortune on May 15, 2024 3:57pm

I wouldn't get my hopes too high (like not at all) w/r to LNG Canada. The US now exports 13 BCF per day via LNG and if anything it has exacerbated price fluctuations ie lower lows. The problem is that as soon as prices go up, producers will hedge (or not) and drill baby drill. They may also divert US exports. So....That's my observation of US natural gas producer behaviour. That's ...more

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