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Encana Corporation Message Board

  • dumsani79 dumsani79 Nov 27, 2012 8:47 AM Flag

    hedges

    I read that ECA has hedged the price of NG for 2013 and perhaps longer in the mid to low $4 range. I agree with their assessment that NG prices are not going to move higher until supply and demand dynamics change. There is simply too much NG for the current demand.

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    • For the period ended September 30, 2012 Encana reported to the SEC form 6K 99.1 as follows:

      Natural gas contracts
      2012 NYMEX fixed price 1,955 MMcf/d @ 5.79
      2013 NYMEX fixed price 505 MMcf/d @ 5.24 or less than 17% of projected production

      2012 hedges @ 5.79 expire at the end of this month

      They also reported a net earnings loss for Q3 of $1,244 million or $1.69 per share

    • ECA has 25 percent hedged for 2013. They can bring new production on line as well. Haynesville for example can be rapidly ramped with resumption of active drilling program and is low cost supply.There are no hedges yet for 2014.

 
ECA
12.05-0.70(-5.49%)Jan 29 4:05 PMEST

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