Natural Resources committee  I think it all comes back to simply...and you're right. You can have discrepancies in data and figures. It's not that one is wrong or right. You just have to appreciate that they are coming from different sources. As we say, there is surveying. Some are based on actual transactio

Natural Resources committee  Very good. Thank you. We appreciate it. Thanks for having us.

Natural Resources committee  We would, for our purposes, continue to do our own analysis. Sorry, do you mean for our own purposes, or are you speaking in general, when entities are taking a look at that data and analysis?

Natural Resources committee  I think it's always a combination of those items, ultimately depending who it is and what their purpose is. I know that the EIA, for example, is the first starting point where they go for that basic analysis. Then, folks would typically build upon that. We do that as well. I th

Natural Resources committee  That's a bit of a tough one. In our biased opinion, we would say it would be commercial entities, of course.

Natural Resources committee  We spent a lot of money and a lot of experience to get that right. Of course, it's important—again, speaking selfishly—for us entities to remain relevant in the market, and to be the source of that data would be a great thing. I think, though, to go back to what we said earlier,

Natural Resources committee  I think I'm referring to both. I know what the EIA puts out for their analysis. I assume it's all done centrally by them. It's excellent. It's well done. I know individual production companies, BP, for example, do wonderful analysis in annual reports. CAPP, the producers, and s

Natural Resources committee  To clarify, when you say “Where could that collaboration be most useful”, in other words, do you mean “How could we interact with that agency or whatever to...”?

Natural Resources committee  I'll start, and Greg can maybe add. Certainly what we have, because there are so many pieces to it, is a volume metric, how much. That's going to tell them a lot about supply and demand. Certainly that sort of information we have, and then, of course, there's the pricing around

Natural Resources committee  Again, I guess it's all in degrees in terms of mix. I suppose you could cross that line at some point where it almost becomes a competitive element with folks like ourselves who do provide that sort of data. I think we've seen a couple things. The EIA has existed for a long time.

Natural Resources committee  I don't know, certainly for our purposes—and it's tough to say on behalf of our trading counterparties. You just don't hear much, in terms of use of Statistics Canada information. There may be some. I'm not sure. In fairness, on the other side, EIA is more talked about and refere

Natural Resources committee  Particularly with our organization and having that data, you can just imagine the provisions that are made for cybersecurity and that sort of thing. It's an incredible amount of resources and efforts to ensure that the data, even at a wholesale level—we're not talking individual

Natural Resources committee  Yes, so again, at the wholesale level, I think that's well covered and quite available, and I think you can get at it, but in fairness, as Greg said, you have to kind of piece it together, in terms of its being centralized and brought together. I think you could go to the various

Natural Resources committee  I'll take a shot at that, and let Greg finish. Obviously that's something we monetize and sell, in terms of providing that information. I suppose to the extent it almost became competitive with that, then perhaps that wouldn't be a positive thing. I think, though, there's probab

Natural Resources committee  My sense would be the latter. Those who need that data and trade around it have a ton of detail. They're either subscribing or getting it naturally through their trading activity. That's just based on our view in the markets we deal with. They have access to all of that data, so