Kelt Exploration (OTC:KELTF) reported excellent Q4 results. In the context of depressed Canadian oil and gas prices, the company took advantage of its gas market diversification to generate a positive total netback.
Also, the net debt is still low and the company plans to keep on growing production while reducing the debt ratios.
The market values the company at a small discount to my fair value estimate, and compared to NuVista Energy (OTCPK:NUVSF), the market values Kelt Exploration at a premium.
Source: Presentation April 2018
Note: All the numbers in the