Blue sky: Shell (40%), PETRONAS (25%), PetroChina (15%),...

Blue sky: Shell (40%), PETRONAS (25%), PetroChina (15%), Mitsubishi Corporation (15%) and KOGAS (5%) (Owners) have half built a 12 million tpa LNG export facility,. Short of feed gas, needing about 2000 MMcf/d total, CEI's Montney vast acreage position is well positioned for a supply option. Good operators will see this windfall via the AECO gas price rally leading in to project start-up in early 2024.

Reality: CE1 management team need to get their s%it together well before Shell's Canada LNG project comes on line. Jury is out on whether they can, chairman needs to consider bringing in some hard nosed US executives to get this outfit into shape asap if the current team don't turn this around in one to two qtrs. Underperformance is not an option, given the opportunity.