RE:RE:RE:Alberta gas demand is outpacing the supply
I agree with your comments Estevan, well said.
To you question about the low gas price despite stronger demand, it comes down to storage. As TransCanada upgrades the NOVA system, there are certain restrictions that cuts off storage capacity. Hence the volatility.
I expect next year to get better already. Lower associated gas production. Dry gas almost dead, wet gas should be lower too. The Prince George rupture is still capping flowrates, so more gas flows into NOVA. As you can see in the Painted Pony market outlook, two pipelines due next year which should alleviate pressure on NOVA, in addition to restored flowrate at Enbridge's line.
I am extremeley excited, just waiting for the bottom to be called in Peyto. I made my first dip in at 11 bucks, so I expect to buy a few more rounds in 2019.