RJ

Look forward to 2021 and beyond. Forecasts are for demand in Asia (and prices) to climb once we get out 4 years and more. 

Current low prices means that nobody is building right now, yet demand continues to rise.  This will eventually put the market back into balance or even shortage of supply.  Companies like Petronas and RDS know these markets and are watching them carefully.  Plus they know it will take up to 3 years from groundbreaking to production for these facilities. 

Even at $3 mmcf producers in the Montney are very profitable. (Costs under $1 mmcf) It is a world class resource and companies have figured out how to produce volumes unheard of 10-15 years ago at reasonable costs.  And you are correct, these formations continue as you travel north. 

The demand for this gas continues to rise in Asia. Sooner or later this gas will be needed, and I bet it will be sooner rather than later.