RE:My reply from DaleWith much respect upinmuskoka, it's prudent to see Crew's four year plan in detail in terms of capex.
1) The plan is Infrastructure CapEx, not material growth until 2025.
2) See this chart on the left on this https://twitter.com/BubleQe/status/1626781130858041344
We will not be in an over supplied market in 2025/2026, you can see that we will be under supplied.
This is a little known fact, but Coastal Gas link LNG supply gas (1,2 and cedar lng) all must be sourced from British Columbia. The gas cannot come from Alberta as CGL was approved by the province, but not federal jurisdiction - it does not cross provincial boundaries. It is connected to NGTL but only producers with BC gas can register gas into the CGL account and offset their gas from their BC molecules. There are only a few non-nationals that can do this (ARX TOU CNQ COP SHEL) and smaller CR KEL).
So Dale is right. Crew are sitting front row seats, with tickets (BC not AB "Scalped tickets" - everyone thinks AB gas flow into CGL, it will not other than above mentioned exceptions). I can share the legal details around why this is, or you can take my word (or ask Dale or Mike R or Terry A). ARX Sunrise will supply CGL/LNGC also, because it can. But it is why you see birchcliff and peyto and advantage all now say 'benefit from' but not directly. Crew and Dale are winners here.
For the 'double the share price'. He is sandbagging here. Look at the chart that shows LNGC 1 the volumes short for Shell and other JV partners. Then look at LNGC 2 and Cedar LNG - 4th quarter 2023 FID. That project alone is 400 mmcfd, which is nearly twice Crew's current 'gas' production.
gonat, oldnagger, upinmuskoka - stay the course. We will be grateful we did come 2026.
~The Great Cheadle.