Another thought.The BTE volumes into BRC for October is about 9mmcf/d, which is a sizable increase in 3rd party processed volumes there, assuming going processing fees apply. It's coming from the BTE gathering system ABGS0088371 if anyone wants to check my math. With no volumes from that connection in September it's likely that total is a partial month and volumes could increase in the coming months.
The transcript of the Q3 call revealed that Joel believes TWM has 'never have had marketing drive a pile of EBITDA' so for those keeping score at home Q3 had both a pile of and an absolute pleasure.
Based on recent comments on this board I should be going long .22 short.
I wonder if the October Pipestone inlet was impacted by KEY's Wapiti resuming operations and Pipestone plant starting up. From what I can tell the huge inlet into KEY's Pipestone is entirely from one Encana battery.
A fully operational TWM Pipestone is worth ~$300M if they could sell working interest in it to a TPZ type entity. If WTI can reach the upper $40s that should be the first place to see resumed growth. AECO prices should hold deep basin related volumes steady.