Canadian Montney plays totally smoked overnight, sharply lower. PONY -7% and it was already on its knees. . And all this despite LNG Canada and talk of new FIDs on LNG export facilities into 2019. Current operating metrics continue to be tough it seems with Canadian LNG trading for next to nothing, I would add the lack of corporate activity is a surprise, many were expecting takeovers and M&A in the space in 2018, but instead next to nothing. Also been a long time since any acerage has traded that I know of in the Montney? I don't think this will last, but maybe a few tired positions in the Montney plays waiting for catalysts that never emerged in 2018.
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