TSE:KEL

7.08
0.17 (2.46%) 1d
0

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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).Mild Monday
BUY
Kelt Exploration
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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oil / gas
BUY
Kelt Exploration
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.
oil / gas
COMMENT
Kelt Exploration
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.
oil / gas
BUY
Kelt Exploration
Management owns a large component of the company. Exposure to nat gas, with the current pricing very attractive.
oil / gas
BUY
Kelt Exploration
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.).
oil / gas
PAST TOP PICK
Kelt Exploration
(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.
oil / gas
BUY
Kelt Exploration
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.
oil / gas
DON'T BUY
Kelt Exploration
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.
oil / gas
DON'T BUY
Kelt Exploration
Not a holding now. They paid off all their debt by selling some assets. They are at a net cash position. In the short term there is no reason to own the stock due to lack of catalyst.
oil / gas
WATCH
Kelt Exploration
Insiders are buying more of the stock. They sold their primary asset. It's up to the team to show that the rest of the assets are as good quality. The streets are sceptic. If the well economics are the same, we will see a rerating.
oil / gas
DON'T BUY
Kelt Exploration
He held it for a number of years. With the current backdrop, they are doing as well as they can. Management is good. They had to sell some of their assets for less than he thought it was worth. The valuation is compelling but there are opportunities in the near-term.
oil / gas
TOP PICK
Kelt Exploration

The stock is down 70% this year on fear of their bank line, which is now fully drawn. They have applied for government loans -- one of the first in the patch to do so. At $40 oil they generate free cash flow. When the market is ready for a corporate sale, you could see a $4 stock price. Conoco-Phillips has been active along the fence line beside them and it could be a good target. Yield 0% (Analysts’ price target is $2.21)

oil / gas
BUY
Kelt Exploration
It's his only oil stock. Their relationship with their bankers is strong, so he's not worried about that. They were under-levered going into the lockdown. They can monetize one of their world-class assets if they wish to, but he doesn't see pressure to. A better oil price would help, of course. Among mid/small-caps, this is a comfortable one to own.
oil / gas
BUY
Kelt Exploration
He has been a recently buyer. The knock is that they are fully drawn against their credit facility. They are undergoing credit reviews by the banks and that is holding things back. They have deferred monetization of assets until at least 2021. There is still room for a good rally from here.
oil / gas
PAST TOP PICK
Kelt Exploration
(A Top Pick Jan 09/19, Down 37%) A lot of new institutional money moved into this in Q4 2019 after it was beaten up. KEL reached an inflection point; they figured out what to do with their land and are moving into full development mode including drilling that will lead to increasing margins. He continues to hold it. He expects good momentum for KEL as the virus fades. A top-tier firm with strong assets in the Montney.
oil / gas
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Kelt Exploration(KEL-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Kelt Exploration is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Kelt Exploration(KEL-T) Frequently Asked Questions

What is Kelt Exploration stock symbol?

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

Is Kelt Exploration a buy or a sell?

In the last year, there was no coverage of Kelt Exploration published on Stockchase.

Is Kelt Exploration a good investment or a top pick?

Kelt Exploration was recommended as a Top Pick by on . 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 help on deciding if you should buy, sell or hold the stock.

Is Kelt Exploration worth watching?

0 stock analysts on Stockchase covered Kelt Exploration In the last year. It is a trending stock that is worth watching.

What is Kelt Exploration stock price?

On 2024-11-21, Kelt Exploration (KEL-T) stock closed at a price of $7.08.