RE:RE:RE:A good quarter all consideringThanks PL.
The share price response has been gratifying after we spent six months under $5 from about Dec 2022 to May 2023. I bought more than is sensible but am not ready to sell yet: the inflection point appears to be coming towards the end of 2024 when CSV Albright starts up, around the time LNG Canada should be commissioning. Can be hard to be patient as an investor, but when they're debt free they can afford to wait.
The capex for 2023 appears to be slightly weighted towards the second half, so I imagine they'll end 2023 with a bit of net debt, but that should be miniscule compared to what should be a big 2024 for them (the expansion at Keyera plus a well completion schedule weighted towards the back half). Crude pricing looks to be kind for the second half of 2023 but no clue what happens to gas pricing as filling storage competes against record power burn and LNG demand.