I think they do, whether it's an all Canadian division or the Pacific. Both are pretty weak and if McDavid and Draisaitl can run their own lines with success like they did in the new year, they should be a solid team.
I think it's far from a given though. People keep focusing on them being in the playoffs last year when the season paused, but it's not as if they had a firm grip on a playoff spot. They were 12th in the league in points percentage and the difference between them and they were pacing for only 4 more points over 82 games than the Jets who were 9th in the West. Their goal differential was only 15th, and that was with the 4th best PP% of all time which won't be repeated again. They're also going to miss Klefbom.
They added some nice depth pieces and if Yamamoto is the real deal and someone like Puljujarvi can step into the top 6, Barrie rebounds and they get above average goaltending, they could actually be one of the top teams, but if McDavid and Drai end up on an island again, the goaltending faulters and the PP can't bail them out, they could end up in the bottom 10 again. They probably have one of the widest range of outcomes in the league imo.