RE:RE:PEY and diversification thru Montney
Here are the B.C. LNG projects that were cancelled in 2017:
- Malahat Nation / Steelhead LNG project
- Pacific Northwest LNG project (Petronas)
- Aurora LNG project (CNOOC / INPEX)
Operators of the Woodfibre LNG project (Pacific Oil & Gas Ltd.) announced their decision to proceed just over a year ago, so there's one that looks like it's going to be built.
Other than Woodfibre, the only large-scale B.C. LNG project I know of that is still alive and moving towards a decision in the near future is LNG Canada (Royal-Dutch Shell / PetroChina / Mitsubishi) where a "final investment decision" on whether to proceed is expected to be made sometime in 2018.........I think there's a pretty good chance that Shell / PetroChina / Mitsubishi will decide to go ahead with the project, but again, no sure thing.......
Even if they decide to build the LNG Canada project, as previously mentioned, it will likely be years before the terminal and related infrastructure is built and ready to ship gas......
That said, if LNG Canada announces they will in fact build it, I think it would result in a significant initial boost to the share prices of Montney LNG players, but I think PEY's stock price would also see a nice jump, as would most of the other Canadian natural gas producers as the news ripples thoughout the industry........
Bottom Line: I think PEY should just stick with its existing strategy, and I believe they will as I just don't see Gee becoming interested in anything outstide the Deep Basin anytime in the forseeable future.......