Good lord...Those are quite the reports from TWM and LCFS.
They've revised FY guidance down to "low end" of $130-150m (consolidated), which means only $15-20m in Q4, down from $30m in Q3. We're midway through the quarter so clearly they're not seeing any signs of turnaround. Getting pressured from all sides now: LCFS, low gas price, diesel/gas margins. Of these it seems AECO is widely expected to improve in the near term. Unfortunately this is the least important piece of the puzzle for TWM.
LCFS now ringing the alarm for Q1. Looks like the entire enterprise is running on hopium and begging for regulatory action. Maybe the dire warnings are partly intended as a wakeup call to gov't. Good to see them pushing for a trade review but I can't imagine a case being resolved in the first half of 2025.