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

To: Goose94 who wrote (55238)	3/4/2019 8:24:18 AM
From: Goose94	Read Replies (1) \| Respond to of 203420

Kelt Exploration (KEL-T) Canaccord Genuity analyst Anthony Petrucci rates "buy" in new coverage. Mr. Petrucci set a share target of $10, which is $1.72 below the consensus. Mr. Petrucci says in a note: "We believe an anticipated short-term pause in production growth (Q1/19), against the backdrop of widespread investor skepticism on the broader space, has created a compelling investment opportunity in KEL. We believe KEL offers significant upside potential, while trading at just 5.2 times 2019 estimated enterprise value-to-debt-adjusted cash flow [EV/DACF] (futures strip pricing of $55 (U.S.) WTI). With step changes planned for 2019 (facility build-outs, pad testing, exploration drilling, ramp in production), we see potential for significant value realization in the share price in 2019." He points to "huge value potential" with its holdings in the "liquids-rich window" of the Montney. The Canaccord stockpicker says Kelt Exploration stock is trading at a "modest" discount to peers. Mr. Petrucci believes 2019 is "poised to be a 'breakout' year" for Kelt Exploration.