Recommendation: Speculative Buy
| Entry Date | Symbol | Recommendation | Entry Price (CAD) | Target 1 (CAD) | Target 2 (CAD) | Holding Duration | Potential Upside |
|---|---|---|---|---|---|---|---|
| 28 Feb, 24 | KEL | Speculative Buy | CAD 5.95 | CAD 6.5 | CAD 6.5 | 42 days | 9.2% |
Data Powered by EOD Historical Data (“EODHD”).
Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in west central Alberta and northeastern British Columbia, Canada. The company markets its crude oil, natural gas, and natural gas liquids primarily to third party marketing companies. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.
| Entry Price | Support* | Target 1 | Target 2 |
|---|---|---|---|
| 5.95 | 5.6 | 6.5 | 6.5 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Energy Industry: Oil & Gas E&P
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| KEL Kelt Exploration Ltd. |
0.08 1.24% | 6.55 | 8.98 | 8.69 | 2.23 | 1.05 | 1.92 | 3.61 |
| CNQ Canadian Natural Resources Ltd |
0.22 0.44% | 49.83 | 13.07 | 12.21 | 2.55 | 2.32 | 2.53 | 6.23 |
| TOU Tourmaline Oil Corp. |
-0.94 1.45% | 63.69 | 19.76 | 8.47 | 3.71 | 1.50 | 2.85 | 7.84 |
| OVV Ovintiv Inc |
0.54 0.95% | 57.65 | 4.08 | 5.32 | 1.36 | 1.16 | 2.25 | 5.56 |
| ARX ARC Resources Ltd. |
-0.04 0.16% | 24.49 | 7.00 | 8.55 | 1.92 | 1.74 | 2.00 | 3.74 |
Data Powered by EOD Historical Data (“EODHD”).
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Disclaimer :
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