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Kelt Exploration Ltd
Symbol KEL
Shares Issued 187,785,857
Close 2020-01-17 C$ 4.26
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Globe says Kelt CEO takes advantage of share pullback

2020-01-20 08:08 ET - In the News

The Globe and Mail reports in its Saturday, Jan. 18, edition that Kelt Exploration ($4.26) insiders bought near the time its stock set an all-time low of $2.45 in August. The Globe's guest columnist Ted Dixon writes in the Who Is Buying and Selling column that the share price subsequently rallied. However, the stock has been slipping along with oil this month. Seasonally, January can sometimes produce the calendar year low for oil and related stocks. Kelt chief executive officer David Wilson may be betting that turns out to be the case this year as he has been buying the pullback. The Globe reported on June 19, 2018, that Raymond James analyst Jeremy McCrea removed Kelt Exploration from his "Favourites list" due to its "relative outperformance." He maintained his "strong buy" call and $12 share target. The shares were then worth $8.25. The shares hit an all-time high of $10.02 a month later before descending to current levels. The Globe reported on March 2, 2019, that Canaccord Genuity analyst Anthony Petrucci rated Kelt "buy" in new coverage. The shares could then be had for $5.41. The Globe reported on May 11, 2019, that Mr. McCrea added Kelt to his "Favourites list." It was then worth $8.33.

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