TSX:KELOil and Gas
Kelt Exploration (TSX:KEL) Stock Sees Profit Rebound As Valuation Questions Linger
Kelt Exploration stock came into this earnings print on the back foot, with the share price down roughly 5% over the past week, despite a much richer P/E than most Canadian oil and gas peers. The headline in this quarter is profit intensity. Basic earnings per share of CA$0.22 on CA$193.4m of revenue stand in sharp contrast to the muted CA$0.003 per share booked in the prior quarter.
That kind of earnings snapback is exactly the type of result that can catch a cautious market leaning the...