You are brilliant. I thank you for your insightful remionder.
I only own 80000 shares of this "pos", and I WILL sell.
Someday... 44 is three times my average cost. I will sell closer to 88 than 44. ECA is one of the cheapest energy plays in the world. On a risk-adjusted basis it IS the cheapest. I have 8% of my money in ECA and thanks for reminding me to buy more, buddy.
I WILL be a buyer in the 30s. Buy when the dummies are running for the hills. Sell when they're overpriced. ECA at 6.2 times cash flow with good hedging is not exactly overpriced. I LOVE "dead money" It's a lot better than "sick thinking". Why not read a good book, or go to a movie?
YOu ar totally wrong ECA has 3.3 billion in the bank. Pe is trading below 10.00. I would be a buyer than seller. I am still like NG in the long term. This year is jest exceptional warm. It will be exceptional hot in the summer too. What happen to the air conditioning?
EnCana commits to Rocky Express The Denver Business Journal - November 15, 2005
EnCana Marketing (USA) will ship 500 million cubic feet of natural gas per day on a new pipeline proposed to run between northern Colorado and eastern Ohio.
EnCana Marketing, based in Denver, is a subisidiary of EnCana Corp. (NYSE: ECA) based in Calgary, Alberta, Canada. The pipeline is being proposed by Houston-based Kinder Morgan Energy Partners LP (NYSE: KMP) and San Diego-based Sempra Pipelines & Storage, a unit of Sempra Energy (NYSE: SRE).
The $3 billion proposed pipeline, dubbed the "Rockies Express," would run about 1,350 miles from the Cheyenne Hub of pipelines in Weld County to the Clarington Hub in eastern Ohio. The 42-inch diameter pipe would be capable of carrying up to 2 billion cubic feet of natural gas per day, the largest pipeline built in the United States in more than 20 years.
"The commitment from EnCana, one of North America's largest natural gas producers, demonstrates the necessity and viability of the Rockies Express Pipeline project, which will provide a solution for delivering long-life, domestically produced, natural gas to the Midwest and Northeast, thus maximizing the value of growing Rockies production," said Kinder Morgan Energy Parnters Chairman and CEO Richard D. Kinder, in a statement.
Kinder Morgan Energy Partners had already signed conditional commitments to ship another 400 million cubic feet of natural gas per day on the pipeline. The agreements were signed by the Wyoming Natural Gas Pipeline Authority and an affiliate of Sempra Pipelines & Storage.
Depending on regulatory approvals and additional shipper commitments, the Rockies Express pipeline could be in operation in late 2007.