Kelt Exploration Ltd T.KEL

Couldn't it be cheaper?

[MyHoneyPot]

Really with Kelt production coming together in third and fourth quarter could not be a better time to buy.

Even if Kelt ends the year with 100 million in debt, and 50,000 boe/day, those are good solid numbers and 100 million in debt is really not significant. 

The word on the street and it was reiterated with Eric Nuttal on market call, the world is using 103 million boe/day of oil, and inventories have never been lower. 

Kelt is under valued and another buying opportunity. 

IMHO

[MorganEarp]

This post has been removed in accordance with Community Policy

[gassygeezer]

So MHP. your thoughts if Kelts BOD were to cancel out of money options and reprice more to insiders once the dust settles post quarterly? Seems the biggest instututional holders are either selling out completely(canoe) or partially vs holding.Your posts indicate you have zero issues with Mgmnt  or how they get paid incl stock dilution...which imho is very self serving/suspect given such

[MyHoneyPot]

I think the NAV value of the company speaks for itself, and Kelt has had the resource to support a significantly higher production level for a long time, plus they have all kinds of reserves in the ground.  I think respectfully if you look around at the quality of the resource that Kelt has, not many companies have these kind of resources, and the Montney is really the Jewel of the Canadian

[gassygeezer]

so $4.70 seems a good averge down price target to avoid 31 million share competition from Insiders in the know. Only the poorest managed companies foster such Misalignment with shareholders even wilson isn't buying but relying on options now  .  

[PabloLafortune]

Canadian NAV valuations especially for natural gas are far fetched and a figment of someone's imagination. They use commodity prices that are unrealistic. IIRC they use $4.25 AECO for 2026 and beyond. @$4.25 AECO, everybody would be doubling natural gas production which would cause natural gas prices to fall to sub $1 again.  More realistic #? $2.75.

[gassygeezer]

Agree, once bank debt runs the price decks you're screwed, unless of course one has astute marketing / hedging in place like you long ago pontificated..at this point i think you would get better vote rersults than the current roster

[teashade]

Ideally the disappointing Q2 volumes are factored into the share price and there will be some IP data by the time the Q3 volumes are announced in November. At sub C$1 AECO and sub US$2 HH no rush for volumes. Altagas Pipestone expansion comes on late next year. At about half over, NG injection season isn't filling up as fast as normal and trending towards full but not overfull conditions for