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Stocks in play: Kelt Exploration Ltd.
Is providing an operations update and changes to its 2024 guidance. Due to the current higher than average natural gas storage inventories in both the United States and Canada, current natural gas prices have been weak at North American pricing point hubs; especially at AECO and Station 2 where gas prices have dipped below $1.00/GJ. Kelt has elected to defer the start-up of certain gassier wells in its drilling portfolio to November/December 2024. Winter gas future strip prices are currently bid at levels significantly higher than current spot prices. Kelt Exploration Ltd. shares T.KEL are trading down $0.12 at $6.37.
