Kelt Exploration Ltd T.KEL

Reality in Oil + Gas

[MyHoneyPot]

Without drilling wells, you will not get the expotential growth, or appreciation in share value you are going to see in Kelt. 

32 well completions for a company that was producing 28,000 boe a day in Q3 2024 is an amazing feat, but what even more amazing is the current rampup of plant and production at Kelt. 

Buying back share 5% a year growth? maybe....

Kelt will quickly double production from here.


Cheapest stock in oil and gas is my opinion, and i am a long time holder of POU that i think represents great valeu.

IMHO

[PabloLafortune]

Oil value >>>> natural gas though. Pioneer's 51% oil and 24% NGL was essentially valued at US$100,000 per flowing barrel when Exxon acquired it for $64B EV.  EQT's dry gas is valued at $20,000 per flowing barrel. Its also obvious when comparing unhedged commodity prices: Brent oil is less than 10% higher than WTI; JKM is like 20x higher than AECO now and usually 3-4x

[MyHoneyPot]

I feel it takes to long to have a significant impact, to make a 10% difference in share count which is prettywell the most a company can do in a year would cost rought at least 120 million dollars at least. I would rather put the money in the bank at 5%. There are so many other factors that go into the evaluation of a company, including resource in place, producing infastructure in place, reserve

[PabloLafortune]

My point is that anything is better than Kelt investing in its natural gas plays. Its a bad idea in general but especially for Kelt.

[Trapped]

Buybacks are for companies that don't have solid plans for future capital -- You couldn't be more wrong if you tried. Buybacks are for companies that understand when their SP is fundamentally undervalued and that have the discipline and FCF to do something about it. ARX is a great example. They bought back over 100 million shares at an average under $17 and it is now trading at about