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Canadian Montney plays, page-2

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jophda

4,793 Posts.

2235

19/10/18

11:18

Post #: 36185230
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Originally posted by Motors: ↑

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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The LNG terminals are necessary for the future uplift in pricing for gas but until they are actually taking gas they do not affect the Supply / Demand balance that is the main determination of price .
The export LNG plants in the US may help some in the interim but the glut and very low Montney gas prices will continue for a few years yet .
The big players may do M&A while the glut is still there .
Our acreage looks undervalued any way it plays out .
gltah

CE1 Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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