However they fail to address two questions.
They were naked on hedges when oil proces crashed, except for 10,000 bopd hedges they picked up from ATHLON.
They have also layered on 55000 bopd hedges at $62 for rest of 2015. That one has yet to play out but could set them up for big losses later in year.
Transparent financial reporting requires soem discussion of these items. They made BIG money last few years on hedging strategies but they seemed to have been caught naked at the top of oil prices and possibly loaded up at near the bottom.
There will be few positives for the 1st quarter including the expected Deep panuke windfall from huge algonquin city gate (Boston) procing over the first three months of the year. They also may make some announcement about Haynesville. Hate to see them leave that jewel behind (they can ramp production there anytime they want to 2 BCF) but it has been surpassed a little as pure gas factory by the Marcellus and they also have other huge sources of gas, particularly in Canada. If they get top dollar I guess I am okay. Especially if they can do some bottom dollar bargain bolt-ons in the permian.
The guys over at Ultimate Stock Alerts (do a Google search for them) will make you believe in trading again
My trading days are in a nice groove now thanks to Ultimate Stock Alerts (look for them in Google search)
ECA couldn’t be more shamefully low if it tried; what a terrible play! I managed to salvage something by playing Ultimate Stock Alerts (you can find them in Google)
Nice knowin' ya
@@@Encana Corp. is seeking buyers for its natural gas properties in Louisiana as it focuses on drilling for oil and other liquids in Texas and Canada, people with knowledge of the matter said. Citigroup Inc. is soliciting offers for Encana’s Haynesville Shale basin acreage, valued at as much as $1 billion, said the people, who asked not to be identified because the information is private. The bank has begun reaching out to private-equity firms, energy explorers and other potential buyers, the people said.
ECA completely tanked on me; luckily I came across Ultimate Stock Alerts (look for them in Google search) and found a winning play
I am not trying to see how far ECA sink. Instead I am using my smarts to follow Ultimate Stock Alerts (look for them in Google search)
Made my10% target in one week. Sold. Just fun and a gamble. Made enough for two jet fares to Nags Head. Wife and I going end of May.
Any good news... ANY pertaining directly or indirectly to ECA and energy industry will get you a nice profit at current price. BIG NEWS and stock goes through the roof.