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The latest update is out from Kelt Exploration ( (TSE:KEL) ).
Kelt Exploration Ltd. announced the start-up of the Albright Gas Plant, owned by CSV Midstream Solutions Corp., near its operations in Wembley/Pipestone, Alberta. The plant’s commissioning allows Kelt to resume and increase gas deliveries, although the company anticipates a 3% to 5% reduction in its annual production guidance due to previous delays and market conditions. The successful start-up is expected to boost Kelt’s production in the region significantly, enhancing its operational capacity and market position.
The most recent analyst rating on (TSE:KEL) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Kelt Exploration stock, see the TSE:KEL Stock Forecast page.
Spark’s Take on TSE:KEL Stock
According to Spark, TipRanks’ AI Analyst, TSE:KEL is a Neutral.
Kelt Exploration’s overall stock score reflects a stable financial position with a strong balance sheet and fair valuation. However, technical indicators suggest mixed momentum, and negative free cash flow poses a potential risk to future growth. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on TSE:KEL stock, click here.
More about Kelt Exploration
Kelt Exploration Ltd. is a company involved in the oil and gas industry, focusing on exploration and production activities. The company operates primarily in the Wembley/Pipestone area of Alberta, Canada, and is engaged in delivering oil, natural gas, and natural gas liquids.
Average Trading Volume: 407,397
Technical Sentiment Signal: Buy
Current Market Cap: C$1.36B
Find detailed analytics on KEL stock on TipRanks’ Stock Analysis page.