RE:RE:RE:RE:RJ - Jeremy Macrea - PIPESTONE w/ outperform on updateWell perhaps small consolation , but at least inventories in Western Canada are near minimums
Two other encouraging factors is that nat gas has displaced coal for powerburn. (Which will become more significant during cooling season ) and the frac spread count remains low (although I am not sure what is or is not being fracked . Also Rig counts have not diminished but productivity is declining.
And Oh the obvious one Freeport. Perhaps not ramping up too quickly but it seems much more obvious that it will !!