Kelt Exploration Ltd T.KEL

14.6 Million BOE/DAY Draw - EIA Report

[MyHoneyPot]

Week Ending September 20, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.5 million barrels from the previous week. At 413.0 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year. Total motor gasoline inventories decreased by 1.5 million barrels from last week and are about 1% below the five year average for this time of year. Finished gasoline and blending components inventories both decreased last week. Distillate fuel inventories decreased by 2.2 million barrels last week and are about 9% below the five year average for this time of year. Propane/propylene inventories decreased by 1.5 million barrels from last week and are 9% above the five year average for this time of year

EIA Weekly Report

IMHO

[MyHoneyPot]

The EIA report show a large physical actual draw, the headline news is really What If in January.  The oil sell off does not make sense, especially in the wake of lowering interest rates. The trading of oil futures is a paper market and reacts in real time but does not alway represent the physical reality of the market.  Total commercial petroleum inventories decreased by 14.6 million

[Trapped]

Someone sounds like they're panicking a bit to be pumping so hard. Keep it up; maybe you'll move the needle a little if you keep going. Just try not to seem so desperate. Also, youre ill-timed investment in ARX shows the dangers of day trading and market-timing. Great company but nobody can predict the direction of short-term price moves. You've proven that.

[MyHoneyPot]

Not at all concern because i trade on value and don't use Margin, so i will never have a Margin Call, and I understand the intrinsic value of the shares, in my POO view of the world. I expect the worst case, not the best case that management provides/forcasts because of operational difficulities that they always encounter, some contigency. I look at Kelt this way, they produced slightly less

[Trapped]

I don't trade on margin either. After all, this isn't a casino. Actually, I don't trade much at all. Set it and forget it with periodic rebalancing. I'll have to deal with the tax man at some point, but it's the best kind of problem to have if you're an investor. I agree that Kelt will most-likely be taken out within the next 12 months.

[Quintessential1]

LOL @ "poo view" What an apt way to describe somone who lives in a bubble and smears his feces all over it.   Inside the bubble everything looks rosie. Outside the bubble?  Well..."poo view" Do you have a price target on that 12 month takeout for KEL Trapped? GLTY

[Trapped]

Lol, and honestly no I don't have a PT in mind. And you won't catch me throwing around double digits like someone else we know.