Painted Pony Pete Ltd PDPYF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Blindsided

[lifeundergrad]

All gas at the end of that line is export gas.  I am overthinking, but my initial point was to try and draw-out the possible barriers between us and that beautiful avg. target, which is dollars higher because it assumes that this project is moving forward (a pretty safe assumption given the investment from Altagas).

The concern is what will cause a delay or hold-up - in the 70's we were on track to have a great NG field from the NWT producing an obscene amount of gas.  We all know that story, and while I doubt any barriers will ever be that extreme, small issues like power generation/consumption could be enough to cause a delay and a pull-back - neither of which have any real long-term consequences, but understanding those short/mid-term risks is part of my due-dilligence. 

At the very least knowing when a pullback could occur (based on risk) can help an investor grow their position.  I'd love to see it drop tomorrow over something silly, with each positive announcement I set a little more cash aside to add to my position.  The truth is however, there is still a major difference between the current price and the target price, and that's not a coincidence or pure bad-luck.  There are reasons we are $8 off a realistic 12mo. target given the potential.

What are the intrinsic (non-market) factors that contribute to this difference?