Post by
MyHoneyPot on Jun 24, 2024 1:02pm
190,000 shares 3.5 hours into Trading
Clearly Kelt is getting recognized, and with good companies playing in their sandbox.
The only issue is that they good companies TVE, AAV have blown their balance sheet and in some cases now are issuing shares where a few months ago they were buying back shares. Obviouly it was a plan to fool the market regarding their original intentions.
Buying back shares + Paying the Trudeua premium, then selling shares and paying the private placement costs, that is a good way to get the support of market makers like Nine Points and other investment houses that can make money off your stock. However just another way for those companies to evaporate shareholder capital off of the balance sheet.
My guess is that Kelt is now producing north of 36,000 boe/day and its constraints are; With more Oak wells and processing coming online.
Not Balanace sheet (31 million net debt end Q1)
Not Resource (NAV $22.75 end Q4 2023)
Not Wells ((14 wells, 3 well pads drilled in 2024 in Webley/Pipstone) + some charlie lake)
It plant and gas processing capacity, and kelt had these issues in Q3 2024, in Q1 2024 two different plants had issue and now essentialy in July 2024 all plant issues should be resolved. With 50 MMcf of capacity being added in their most profitable area in October.
Hope we don't have to have anymore discussion in the future when some insider sells 5,000 shares, when the insiders own 25% fully dilluted.
MHP
IMHO