KELTF - Kelt Exploration: An Overlooked Potential Takeover Target With Improving Fundamentals Trading At Only 4x Cash Flow
Kelt Exploration (OTC:KELTF) came into being as a result of the Exxon purchase of Celtic Exploration back towards the end of 2012 to the beginning of 2013. Shareholders of Celtic received cash and then 1/2 share of Kelt Exploration for each share of Celtic owned. Now the stock appears completely abandoned by the market just when operations look to be paying off.
A fair number of key officers from Celtic Exploration remained to lead the new company. That kind of experience tends to lower the new company risk. The company immediately raised cash