KELT EXPLORATION (KEL) Stocks
ABOUT KELT EXPLORATION
📊 Kelt Exploration Ltd. is a junior Canada based oil and gas company focused on exploration, development and production of crude oil and natural gas resources. It has holdings in three areas: natural gas property at Grand Cache, Alberta, liquids-rich natural gas property at Inga, British Columbia and an oil prospect at Karr, Alberta. It headquarters in Calgary, Alberta.
📊 It formed in 2012, because of a plan of arrangements involving Celtic Exploration Ltd, ExxonMobil Celtic ULC, a wholly owned subsidiary of ExxonMobil Canada Ltd and Kelt.
📊 In 2013, the company buys natural gas assets located at Fireweed, in northeastern British Columbia.
📊 Later the same year, Kelt formed an agreement to buy certain crude oil and natural gas assets located at Pouce Coupe/Spirit River at Grande Cache and Karr in west central Alberta.
📊 In 2014, it buys a private Canadian oil and gas company with crude oil and natural gas assets located at Valhalla/La Glace in west central Alberta.
📊 The company buys Artek Exploration Ltd. in 2015.
OVERVIEW OF KELT EXPLORATION
Kelt Exploration Ltd. is an oil and gas company that focus on the exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia.
The company’s land holdings are in Inga/Fireweed/Stoddart, British Columbia; Grande Prairie (including Pouce Coupe, Progress, Spirit River and La Glace), Alberta; Karr, Alberta, and Grande Cache, Alberta. It holds interests in about 136 000 gross acres in Greater Grande Cache.
It also has interests in over 89 760 gross acres in Karr, over 394 190 acres in Grande Prairie, over 88 120 gross acres in Inga, over 50 550 acres in Fireweed and about 53 040 gross acres in Stoddart.
VISION & VALUES OF KELT EXPLORATION
Kelt Exploration Ltd.’s aim is to achieve profitable growth by generating exploration and development plays that have multi-zone hydrocarbon potential. It takes a balanced approach to capital spending, and day-to-day operations thrive on clear leadership, close teamwork and financial discipline with an overarching focus on health, safety and environment.
The company’s capital program funds through prudent use of debt, share equity offerings and internally generated cash flow from operations.
Kelt’s growth strategy has two parts. It seeks to acquire assets with exploitation potential and, at the same time, implement a full-cycle exploration program. It has assembled a team of experienced and qualified personnel to act quickly on new opportunities.
It believes that its growth strategy will continue to increase funds from operations per share, net asset value per share and production per share. Shareholders who purchase company shares can rest assured of superior value.
MARKET PERFORMANCE OF KELT EXPLORATION
Kelt Exploration Limited trades on Toronto Stock Securities Exchange (TSX) and lists under the stock symbol KEL. The company forms part of the TSX 500.
For the third quarter of 2019, the company reports revenue of $ 93.3 million and adjusted funds from operations of $ 39.2 million ($0.21 per share, diluted).
Net capital expenditures are $ 52.7 million. It spend $25.2 million on drill and complete operations, $ 26.3 million on facilities, pipelines and equipment and $ 1.2 million on land and seismic.
The company achieves a record average production of 31,150 BOE per day, an increase of 19%.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy KELT EXPLORATION Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN KELT EXPLORATION STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE KELT EXPLORATION STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of KELT EXPLORATION stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy KELT EXPLORATION stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?