The glut of natural gas on the market has driven prices down to near $4. Some are now saying prices will be $3 by the end of the year. Not a time to buy ECA?
disagree...since the market ahead of your thinking the depressed prices already factored in to the price..buy now or buy later at a premium..that simple!
Why buy now when it will be cheaper tomorrow.Ray of light maybe that a energy policy for U.S. is due up in Washington in a month or so.You got to bet natural gas is going to a BIG topic.
Could this be a reason for the decline? Qtrly Revenue Growth (yoy): -40.00% ?
what's going on with eca other than ng price dropping?it's been down 17% since the june high...how much further?????it's been dropping for the last 1.5 weeks, non-stop...eca is making $$$, has cash on hand, good reserve, good balance sheet, spinned off cve, it's like cheaper by the day...some expert advise please!!
ECA is going to be bought out by shell.