Best we can do is speculate as to which order the remaining eight Best Picture nominees would finish in the race. I hypothesize that Moonlight -- as the most critically favoured film of the year -- would be your runner-up. It has all the requisite nominations for Directing, Writing and Editing, plus a pair of Acting nods, one of which it looks to win.
Sussing out a ranking for the other seven becomes a bit more varied, depending on who you ask. Arrival also looks strong on paper, having landed as many nominations as Moonlight including those three important ones (Directing, Writing, Editing). But science-fiction is really not the Academy's bag when it comes to declaring something "best". The late-breaking momentum and impressive box office of SAG-winning crowd pleaser Hidden Figures seems a more likely challenger at this stage.
Also surging late in Phase Two is Lion. Never underestimate Harvey Weinstein. You may have spied his latest exploitative campaign ads floating around the last couple of weeks, attempting to guilt voters into protesting the president's Muslim travel ban by way of supporting the film. Best Picture may be too far out of reach, but if it upsets Moonlight in Adapted Screenplay or Supporting Actor (or God forbid, both), we'll know who to blame.
Contenders that seem to have fallen by the wayside are Hacksaw Ridge -- which always felt like it was playing for nominations rather than wins -- and Manchester by the Sea -- which always felt more like a critics pet. They could each manage a consolatory win or two, but it's equally possible they both get blanked, as could Lion, Arrival and Hidden Figures.
And the two which no one seems to be talking about as even the remotest of upset possibilities are Hell or High Water and Fences, but both are already Oscar success stories. The former is the earliest released Best Picture nominee of the year, having ridden stunning summer box office on limited screens to land four nominations, which then attracted a whole new set of eyeballs. Consider the awards-boosted profit margin the reward for this terrific movie. As for the latter, it's looking good to take home at least one, if not a pair of Acting Oscars.
Will win (speculated rank):
1. La La Land
3. Hidden Figures
6. Manchester by the Sea
7. Hacksaw Ridge
8. Hell or High Water
Should win: Moonlight
Should be nominated: 20th Century Women
Predictions in all categories (including those damn shorts) will be finalized tomorrow.