Are there HeadwindsAt current strip pricing, checkout MarketWatch which shows realtime futures, we see natgas at around 3.70, and oil at 69. Assuming nothing changes, Arc will see cashflow north of $3.2 billion less $1.1 of capex leaving FCF of $2 1 billion or about $4.70 per share. Using a 5 times multiple the share price gives $23 dollars per share less 22 hedges. Here are some of the headwinds I see: 1. Interest rates heading up slowing consumer demand; 2. IEA comments that oil market in balance now and in surplus in 2022, 3. Inflation generally and in the patch. labour up and more importantly services like pumping going up. In downtowns the oil companies have the hammer. The service guys always get their money back 4. And here's the big one. Warm winter in major population regions. Doesn't matter how cold it is in Calgary, it's New York that counts. If storage removals lag in January with a warm spring lookout. Check out any US weather forecast for your selves. Don't take my word for it 5. Omicron is a huge wildcard. Even if it's less potent, we could see most international air traffic halted. I think Farmer 12 said he's seen 6 down turns, who can predict what will happen in 2022. Three things, it stays the same, things really take off or we have a softening of all O and G stocks. I'm old and cautious so I think we could see this thing softening a bit more . Here's some food for thought as I know I piss a lot of you off a lot. It took me a very long time to learn this True intelligence can be measured by seeing the validity of opposing arguments. F Scott Fitzgerald. And to reiterate again I'm only offering my experience sincerely for you to consider in your investments. It's your money.