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Kelt Exploration ( (TSE:KEL) ) has provided an update.
Kelt Exploration Ltd. has announced its financial and operating guidance for 2025, setting a capital expenditure budget of $328 million. The company anticipates generating $345 million in adjusted funds from operations, forecasting significant production growth in oil, natural gas liquids, and gas for the year. Despite a projected decline in oil prices, Kelt expects increased gas prices and improved financial metrics, including a substantial rise in combined production and a decrease in net debt, which suggests a strong operational outlook for the year.
More about Kelt Exploration
Kelt Exploration Ltd. is a company operating in the energy industry, focusing on oil and gas exploration and production. It is primarily engaged in the extraction and sale of crude oil and natural gas, positioning itself within the Canadian market.
YTD Price Performance: 0.20%
Average Trading Volume: 21,351
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $970.2M
For detailed information about KEL stock, go to TipRanks’ Stock Analysis page.
