Todays the Big DayARX being the #3 gas producer in Canada, should have great results for Q4, and a record year!
Gas prices had a pretty storong run in Q4,2022 unless perhpaps their next leg up will be LNG sales, TOU is shipping LNG gas to the gulf coast starting in January i believe.
California is now investigating the spike in home heating which will likely involve them taking steps so this gas spike does not happen again.
Clearly Eric Nuttal Thesis is not for long term investors because buying shares back when commodity prices are high results in pushing up the peak stock price providing ERIC his exit strategy. Once Eric cashes out on other is next Nine Points Victum.
My guess is that Attachie will need its engineering plan reworked a bit, so that the treaty8 nations are happy with it, might take a quarter or so, we will have to wait and see.
My guess for earnings is this, WTI averaged 82.50 a quarter pretty respectable but down, gas would be up, and some hedges would come off at the end of Q4 for a few weeks giving a booast to prices.
Production should be up at Kakwa, just don't know how much, it they get up to 195,000 that will offset any price decilines.
So FCF guess will be somewhere around 600 million, which should be a record quarter and record year for ARX, this quarter TOU may beat ARX in FCF because of West Coast gas and increased production.
IMHO