360,000 Acres of prime Montney is irreplaceable. The only way to get large chunks of Montney is through company purchases and that is expensive . The only companies with huge chunks of prime undeveloped Montney are Kelt and Crew and larger cap companies like Arx and Tou.
These two companies would be extremely expensive to purchase because of their valued land position. IMO they will both be purchased by one of the large cap companies or one of the sponsors of the Kitimat LNG plant and the completion date is approaching.
Land sales are no longer a factor in the Montney. All the best properties in the Montney in Ab and Bc are long gone in land sales. Good luck to anyone thinking you can add to your Montney acreage via land sales. The only land not leased is the land that has not been renewed because it is in areas that have not proven productive. You will be able to add a few sections here or there but nothing significant. I think companies like Advantage are good, they just do not have the land advantage of a Kelt, Crew, Arc, Bir or Tou and of course Cnq.
Plant capacity is important , but it can be built. Good land is harder to find IMO.