Kelt Exploration Ltd T.KEL

Run Up is Commodity Price Driven -Oil

[MyHoneyPot]

There is a big focus on the OIL PRICES, hence the price increase, Kelt has oil reserves. 

However today were starting to see a little action in Gas, we know that gas can not continue to trade at the current low prices. 

The CVS Albright plant is ramping as we speak, the equipment has been on the ground for quite a while, and have staffed the plant. 

The monthly reports posted  "PETRINEX" by teashade  show a continue ramping of production since july. 

So we kind of have quite a few things happening all at the same time. 

1: We are seeing oil get some legs.
2: We are starting to see gas catch a bid - The weather is getting colder.
3: Kelt is starting to tie in a number of Charlie Lake wells.
4: CVS Albright plant is ramping up, and likely some spotty production ties in by Kelt. 
5. Wembley/Pipestones Pads coming on stream.
 

Kelt my be one of the safe places to put new money while the market is surging, because their production is about to surge. 

Next week we should see better results then Q2 in the Q3 reporting, looking forward to a rampup as we approach year end. 

Good Luck to all.

MHP
IMHO

[PabloLafortune]

It's all about AECO now. US natgas has firmed up, It looks like storage surplus that has existed for ~2 years will be gone sometime in November. Dry gas producers seem to have begun differentiating between existing and new well costs which has led to more deferrals of completions and turning wells in line. $3.25-$3.30 HH strip is fine for existing wells but new wells cost more than that

[integrity11]

Yes, US NG inventories are steadily improving. Only 129 bcf over last year and 180 bcf over the 5 year inventory and NG close to $3 in US. The hedge funds will try to bring the price down next week, but NG does seem to have some positive momentum the last 2 or 3 weeks. I agree we need production discipline on both side of the border. As a side note Kel has had a good week closing around $6.60

[PabloLafortune]

I follow EQT EXE RRC AR and CRK. 2025 will be a good year for US natural gas. Why? Because IMO the big dry gas producers won't raise new production (ending curtailments is old production, no capex involved) until spot/strip is higher. $3.25 HH strip doesn't cut it. I also follow Total the French major, big LNG biz which is basically buy low HH and sell high LNG based on long term Brent

[Quintessential1]

"Kelt my be one of the safe places to put new money" So is that where you put your new money? Or did you put it into ARX and CVE? As a side note ARX had a great week up over 11% handily beating out TOU/CR and KEL.  IDK who the big winner was last week but I know who it wasn't.

[integrity11]

My mistake Quint, yes for sure I see Arx had a better return this week than Cr/Tou and Kel. I didn't actually check when I put in that note and should have, haha. Tou was 7.5% and Kel was 8%.  I don't have very much new money as I only sold about 15% of my Crew which was re-invested in Kel. I sold some SU in August which also was turned into Kelt. Crew officially disappeared on

[Quintessential1]

My appologies to you sir.@ My reply was more for the poo pot (if you check the thread view it shows that way) as he has posted that he recently bought on both ARX and CVE boards. I doubt he really bought ARX, he bashes it so I expect it was just a ploy to circumnavigate those who say if you don;t own don't post; but he says he did so he gets this.  I have no beef with you or the other

[integrity11]

Thanks Quint. I bought Crew mostly because of their land position , but because of their land position I thought it was a good takeover target. Same for my recent purchase of some Kelt shares. I think they have a great land position , and because of that I think they are a takeover target. I think it cmay get taken over before the Shell LNG plant comes online in mid 2025. But of course no one

[Quintessential1]

Yeah CR and KEL seem similar on the surface mostly because of some of that land position you were refering to but KEL has that high insider ownership that makes acquisition seem unpredictable. I really don't see insiders letting the whole thing go so for me it becomes a question of what do they sell and when they do how do they get that money into shareholders hands via returns.  To be

[gassygeezer]

Sometimes high insider ownership, in particular with jrs the tight long term mgmnt teams selling with options insurance then timely regranting such doesn't inspire shareholder confidence, imho agree they don't seem to care...it's their business model and has worked well for them notsomuch average investors whom are imo asking the same exit questions/strategy as you

[teashade]

The Petrinex data is always interesting, it's available here: https://www.petrinex.ca/PD/Pages/APD.aspx With some basic spreadsheet skills you can navigate pretty easily from well to gathering system to processing plant. I don't think you can use it to predict actual volumes but using it as a gauge on month to month volumes can help give an idea of the direction volumes and (ideally