Encana cash position isn't as bad as bears would have you believe.
I am a long term holder of ECA. ECA still has the cash flow to cover it's operations and dividend.
What's important is the balance sheet...the majority of it's long term debt is older than 10 years and at reasonable rates. Again in looking at the various NG stocks one needs to look at cash flow not eps. Exxon is no fool and they bought into NG...even though their timing could have been better.
Again take your 4% and wait or sell and move on.
I often wonder what the positions of people on this board are that talk gloom and doom.