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Originally Posted by Lubicon
Might end up spilling over into the layoffs thread.... 
Wonder what this means for Progress Energy? Without the project Petronas arguably no longer needs (may want?) to own them. |
It does say that they are planning to continue to developing their Montney... I mean they have a 1000+ wells in it already I believe... I guess that's why they were also looking for easterly off take solution recently.
They're at the end of the pipe, so they're at the mercy of the differential, but still it's probably bad news for some of the more pure gas players like Peyto. I think we'll start seeing some more downward pressure on natural gas prices.