ECA is not contemplating an equity issue currently. 4Q16e production from the four core plays is expected to be down ~10% vs. 4Q15 (we had it down ~8.5% on slightly higher capex). Montney production outperformance was due to less than anticipated pipeline constraints, while Permian underperformance was due to casing failures, weather, and wells taking longer to clean up. Lower transportation & processing expense guidance was attributed to a weaker Canadian dollar, the recent Haynesville deal (pr ....
