seasonal wet weather26 Aug 2022 09:51
"If expected, why weren't they factored into the earlier NOI guidance numbers?"
good observation but it should be noted seasonal wet weather doesn't affect pipeline production
however, IT DOES affect the mobilisation of drilling rigs and associated equipment (as an example) and any planned maintenance and at the time that the earlier NOI numbers were forecast they wouldn't have known the wet weather would have coincided exactly with the timings of any planned work or have been harsh enough to affect them and therefore delay certain key operational / heavy equipment moving / maintenance activities.
FYI, the exact same happens during what they call spring break up where restrictions are often put in place on the access roads (open to light traffic, shut to heavy loads or shut completely) due to the thaw period in spring (as the name suggests) and it is there primarily to protect the gravel roads network from getting completely smashed up from the heavy loads transiting it and of course its in place not least for the health and safety of said truckers.
if you've ever been to Canada you'd know its bad enough driving with a pick up truck on those gravel track roads when they are bone dry in summer time let alone in a truck with a monster load (hauling a rig for example) when they are covered in snow or ice during the winter or slush during the transition period (aka spring break up) or indeed the mud and water when its been raining cats and dogs for a week or two.
trust me, been there, done that, got the t-shirt :-)
anyway, nothing untoward in that report really, delays happen all the time and it's just business as usual in Canada.
roll on next Friday for the next dividend payment and then onto October for yet another dividend payment and of course the biggie which will be the Serenity results.
steady as she goes cap'n :-)
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