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

To: Goose94 who wrote (79700)	6/19/2020 2:46:22 PM
From: Goose94	Read Replies (2) \| Respond to of 203443

Kelt Exploration (KEL-T) top pick from Eric Nuttall on BNN.ca Market Call Friday June 19th @ 1200ET Kelt’s stock has been hammered on liquidity issues, as they are roughly fully drawn on their credit line and banks are currently being reviewed with reductions of 30 to 50 per cent not uncommon. Given the quality of Kelt’s assets, the rising oil price and material inside ownership we believe that the various government programs (such as the EDC and BDC) will allow Kelt to emerge from the redetermination largely unscathed. In a $50/$60 WTI price environment, we think the value of Kelt’s assets (of which they would like to monetize in 2021) could exceed $5 per share.