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Encana Corporation Message Board

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  • Steve_Shore Steve_Shore Feb 22, 2006 9:49 PM Flag

    Why do people hate this stock

    Bitumen reserves add to long life potential
    EnCana?s proved bitumen reserves of 657 million barrels are estimated to be sufficient to sustain approximately
    30 years of anticipated production at Foster Creek?s forecast 2006 year-end productive capacity of 60,000 barrels
    per day. The company believes that significant future reserve addition potential exists associated with EnCana?s
    previously announced in-situ oilsands development plans, which have the potential to increase current production
    about 10-fold to more than 500,000 barrels per day by 2015.

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