RE:A conservative oil price forecast (Kelt $75 WTI)I wouldn't get my hopes too high (like not at all) w/r to LNG Canada. The US now exports 13 BCF per day via LNG and if anything it has exacerbated price fluctuations ie lower lows.
The problem is that as soon as prices go up, producers will hedge (or not) and drill baby drill. They may also divert US exports. So....That's my observation of US natural gas producer behaviour.
That's why its so weird that Kelt drilled so many wells at Oak given that prices are so low and they have no hedges at all. Hopefully natural gas prices firm up (I was taught that hope is not a strategy)