Kelt Exploration Ltd T.KEL

Irons in the Fire ,... 77% UPSIDE

[MyHoneyPot]

Kelt Wembley/Pipestone is a play with the potential of 80,000 boe/day for 25 years. (59-62%, Liquids)

Kelt is now realizing reduce well costs in Wembly/Pipestone realizing improved economics, and an increased value in the prospects of the play. 

Charlie Lake

Kelt is pursuing Charlie Lake at Pouce Coupe, Spirit River and even at Wembley/Pipestone, so Charlie lake is a great asset to Kelt, buy second when compared to the Montney. 

The cashflow for Kelt is going to significantly improve in 2025, and all oil companies will be rethinking their plans for Gas, as long as these low prices persist. 

Analysts

SO 3 ANALYSTS NOW HAVE $10 DOLLAR PRICE TARGETS ON KELT. 

MHP

IMHO

[MorganEarp]

This post has been removed in accordance with Community Policy

[MyHoneyPot]

$9.50 (+69.69% Upside) Based on 4 ranked analysts offering 12 month price targets for KELTF in the last 3 months, the average price target is $9.50, with a high estimate of $10.00 and a low estimate of $8.00.

[MorganEarp]

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[Trapped]

This post has been removed in accordance with Community Policy

[gassygeezer]

Institutional buying 550,000, institutional selling over 5,500,00 last report..MHP you're delerious,misleading pumping this while Insiders IMHO will be dumping options as fast as the float increases to award them more. Meanwhile average shareholders hope the production finally meets long past promises...and pricing/plays remain economic to encourage new investors

[Seppelt]

Several posts here have been removed. Must have been too critical of Honey, interfering with his serious work. In the meantime, Crew has been taking out by TOU at a nice 70% premium according to the press release issued earlier today. Could be a boost to this laggard.

[teashade]

Thanks SeppeIt. Very few quality mid sized Montney operators left. CR deal at a headline grabbing premium (implied $6.70/share to Friday price of $3.90), but CR was in the $6 range during the last energy top in Q3/4 2023. The deal valuation at ~$1.3B is roughly equal to KEL's current EV (~1.1B), with slightly lower production (30k boe/d) but lower liquids content. CR has lower operating

[gassygeezer]

Valid summary of where Kelt stands. On my Aug 8 Crew BB Post I stated why I was buying Crew vs Kelt..Better Stewardship inter alia..

[PabloLafortune]

Crew significantly increased their condensate production year over year to 21% of total production (ARC Resources was 22% in Q2).  The acquisition metrics are similar to what ARC is valued at currently on a per boepd basis. In addition, Tourmaline gets Groundbirch - a quality gassy play albeit mostly undeveloped - as well, Crew shareholders get no immediate tax effect, dividend income and the

[gassygeezer]

Pablo reminds me of that jr guy that works for the senior guy whom gets all the credit..every good Mgr.Engineer/Accountant/Analyst typically is backed by such types...the diggers in the shadows Good luck to y'all my target reached, over and out

[PabloLafortune]

The BNN Interview with Mike Rose is worth a listen. He said: - the Crew asset will be in maintain production mode  Groundbirch is likely a '27/'28 project and is not currently in the 5 year plan. - the acquisition is accretive for TOU - makes sense ex hedges etc since Crew is 21% condensate. - was a competitive process ie more than 1 buyer expressed interest. - LNG Canada should