Kelt Exploration (KEL.TO) Buy, Sell or Hold

Kelt Exploration (KEL.TO)

4 expert ratings on Kelt Exploration (KEL.TO) in the last 12 months: 3 Buy, 0 Hold, 1 Sell. Latest rating: PAST TOP PICK by John Stephenson on Sep 21, 2026.

10.53

+0.18 (1.74%)

as of Sep 23, 2026, 8:00:01 pm Market Open.

142 watching

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PAST TOP PICK

(A Top Pick Jul 22/26, Up 3%)

One of the largest companies in the Montney area and the economics are very attractive there. It is both oil and gas but primarily oil. Has strong production numbers and is highly profitable. It seems destined to be taken out, either a part of it or all of it. Has very good insider holdings at 18% of which the CEO owns 14%. It is an acquisitive company with a $2 billion market cap. Still good to hold or buy.

WAIT

Well-run, though too small for institutions. Is waiting for them to sell their main property. He expects active M&A this fall. Is fairly valued. Will likely be bought out. Expect modest upside.

COMMENT

A strong performer in the group. His team is more focused on oil than natural gas. Nat gas is more of a show-me story.

TOP PICK

Significant breakout. Highs of 2014 were around $14-15, which is another ~30% upside from current levels. Pushing higher over the last couple of days, though other energy names have felt pressure. Smart $$ is long natural gas; if it does perform, will be an additional tailwind for this gassier exploration name. No dividend.

(Analysts’ price target is $12.39)

TOP PICK

In the Montney. Very large land base and very good production. Inexpensive. Starting to execute and deliver. Moving from being more exploration-led to development-centric -- so it's more like a manufacturing process than variable (which exploration can be). No dividend.

(Analysts’ price target is $12.16)

SELL

Great CEO. Doesn't do share buybacks. Two main assets, and timing a sale is very difficult for an investor. A bit small for him. Better names for a potential M&A play.

BUY

Has deep assets, which they won't sell for 9-12 months, as they add others. He can't own every midcap, though this is good.

BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

KEL has strong drilling activity and currently no debt.
We have KEL in the growth model portfolio, and we like it for its diversification benefits, being in the oil and gas sector.
It is a strong name with a good balance sheet and healthy profit margins.
It trades at a 1.0X price to book, and a 7.5X forward P/E.
KEL does not pay a dividend.
KEL is a good name for strong consistency, low debt levels, and a strong balance sheet.
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BUY

Well run. Their theme is acquire land, develop it, drill it as efficiently as possible to bring up cashflow to realize NAV, sell it when it's de-risked. Management owns about 20% of it. Continues to like it, especially if you want a Canadian gas name.

COMMENT

Difficult to measure their new strategy. They have done great in the past, but this does not fit what he is trying to accomplish right now.

BUY

Management owns a large component of the company. Exposure to nat gas, with the current pricing very attractive.

BUY

He's ashamed to say he's owned this for a long time. He believes in management which owns a lot of shares. They allocate capital well. They find hydrocarbons and have a great track record selling those. A year and a half ago they sold half their production for more than the enterprise value of the whole company. They now have a great balance sheet and are growing their production in nat gas (in NE B.C.).

PAST TOP PICK

(A Top Pick Jun 19/20, Up 95%) Got penalized from their sale of an asset. However, now it is a debt free company and pursuing another area. Does not fit the free cashflow narrative, but it is inexpensive on cashflow. 3.3x multiple at $70 oil.

BUY

Has always been an aggregator of plays and then sells them. Just sold their anchor property. Currently developing their Oak property to sell in the future. They have good liquids exposure. Trades at a modest premium with 3.6x enterprise value to cashflow next year at $60 oil. A very unique story. Buying for the potential value of their future plays. Good candidate for the ESG movement.

DON'T BUY

They sold major assets mid-last year at a decent price (though lower than they would now), so they're sitting on net cash now. Their drilling program runs until Q3 he thinks. There are better oil stocks with more upside.

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Kelt Exploration (KEL.TO) Frequently Asked Questions

What is Kelt Exploration stock symbol?

Kelt Exploration is a Canadian stock, trading under the symbol KEL.TO (previously KEL-T on Stockchase) on the Toronto Stock Exchange (KEL-CT). It is usually referred to as TSX:KEL or KEL.TO

Is Kelt Exploration a buy or a sell?

4 expert ratings on Kelt Exploration (KEL.TO) in the last 12 months: 3 Buy, 0 Hold, 1 Sell. Latest rating: PAST TOP PICK by John Stephenson on Sep 21, 2026. Read the latest stock experts' ratings for Kelt Exploration.

Is Kelt Exploration a good investment or a top pick?

Kelt Exploration was recommended as a Top Pick by John Stephenson on 2026-09-21. Read the latest stock experts ratings for Kelt Exploration.

Why is Kelt Exploration stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Kelt Exploration.

Is Kelt Exploration worth watching?

Kelt Exploration is followed by 142 investors on Stockchase and is a trending stock that is worth watching.

What is Kelt Exploration stock price?

On 2026-09-23, Kelt Exploration (KEL.TO) stock closed at a price of $10.53.

4(4)

Based on 4 expert opinions: 3 buy 0 hold 1 sell

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Kelt Exploration (KEL.TO)

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