Margin123 is not a "details guy" and doesn't want to make it clear to the board the hedges are going to expire in 8 months leaving you with an investment that has severely shrinking revenues and profits. He is hoping that the energy market will rise again just so Encana can re-introduce hedges and save the day. Imagine the price of the stock if those hedges can't be put back on at a decent price!? This play will be under $ 30.00 and going no where. Trade the stock, take profits and wait for the market to come back. The problem here is that the US can stock pile to the max, everything they'll ever need and that demand of the past will no longer be there to support the market price. We are a long ways away from resolving the economic issues before us. Trade and you'll be rich.