KELTF - Kelt Exploration: Steady Progress Growing While Many Acquire
2024-03-22 12:29:17 ET
Summary
- Kelt Exploration has a credible management team with a successful track record in the industry.
- The company's growth in oil production could reduce its dependence on natural gas prices in the future.
- Kelt Exploration's largely debt-free balance sheet reduces the risk for investors.
- The management's experience combined with the largely debt-free balance sheet makes this investment idea considerably less risky than the small company size would indicate.
- I would consider holding Kelt Exploration shares until management sells the company.
Kelt Exploration Ltd. ( KELTF ) is a company that tends to grow organically. Kelt management distinguished themselves by selling to major players in the industry. Originally, Celtic Exploration was taken over by Exxon Mobil ( XOM ) with the new spinoff becoming Kelt Exploration. Several of my older articles, touch on these sales....
Kelt Exploration: Steady Progress Growing While Many Acquire