RE:Natty Hopefully we get a catalyst of some kind soon. Ideally a nasty cold snap centered on Chicago. Not Alberta.
some incremental LNG is coming in the next 6 months but most of the impact is 12 months or more out.
there are a few incremental expansions coming such as into the pacific northwest, a small LNG project in Squamish, oil sands etc. but nothing else is moving the needle until LNG Canada.
Even then it will be the US expansions driving the bus because they can add 2 bcf a day pretty quickly in BC/AB. Especially if something close to 5.00 can be contracted.
Will be curious if they try to use the aeco system as a choke point into the Coastal Pipeline to leverage prices. It has worked pretty well for WCS buyers.