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

To: Goose94 who wrote (49145)	9/28/2018 7:29:40 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Kelt Exploration (KEL-T) top pick from Dennis de Silva on BNN.ca Market Call Friday Sept 28th @ 1200ET Kelt has a premier management team with a large ownership. This is another LNG Canada sentiment change beneficiary. The company has accumulated a large liquids-rich Montney land base of over 1,000 sections in B.C. and Alberta. It’s shown recent weakness given B.C. pipeline restrictions. After spending a couple of years accumulating land and derisking the asset base with small appraisal programs, the company went into harvest/development mode in H2/17 and currently produces 27,000 barrels of oil equivalent per day (40 per cent liquids). Valuation has traditionally been rich on cash flow, but undervalued on net asset value. Shift to development will convert land value into cash flow by growing production, de-risking inventory and improving efficiencies. Its strong gas diversification strategy means they sell 80 per cent of their gas outside the AECO/Station 2 market. Kelt is similar to Tourmaline with a strong multi-zone inventory, infrastructure control and balance sheet.