Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (44668)	7/20/2018 7:13:46 PM
From: Goose94	Read Replies (1) \| Respond to of 203376

Kelt Exploration (KEL-T) new 52 week high, $9.38

To: Goose94 who wrote (44668)	9/18/2018 7:55:36 PM
From: Goose94	Read Replies (1) \| Respond to of 203376

Kelt Exploration (KEL-T) top pick from John O'Connell on BNN.ca Market Call tonite Tuesday Sept 18th @ 1730ET Kelt is an oil and gas company that focuses on exploration, development and production of crude oil and natural gas, primarily in Northwestern Alberta and Northeastern B.C. The company’s year-end reserve report showed proven and probable reserves (P&P) growing at 20 per cent year-over-year, with a proved developed producing (PDP) reserve life index of four years and a P&P reserve life index of more than 25 years. Kelt recently disposed of its Karr assets and is positioned very well financially, with forecasted debt-to-cash flow below 1 times in 2019, lower than its industry peers. Production per share increased 26 per cent year-over-year in Q2/18, with production and cash flow coming in line with estimates. Recent well results at Fireweed were promising and will be key in derisking the northern portion of its land holdings with more well locations. The company also recently increased its 2018 capital spending budget, with more than half of the increase going towards its own infrastructure projects, where greater synergies are realized. Kelt maintains a high exposure to oil prices, as they maintain the drilling program to target Montney wells that are rich in oil and condensate. Despite oil comprising 45 per cent of their 2018 revenue, it provides 91 per cent of their operating income. Kelt has recently signed a deal with AltaGas to process gas and sell propane through that company’s Townsend facility. This allows Kelt to market their gas and natural gas liquids, allowing for export through the Ridley Island facility. Valuation remains attractive, as it is similarly valued to peers despite its lower leverage ratios and higher production per share growth.