ECA would be good for a double over the next 2 years as its tar sands projects get defined. However, we shareholders will be denied this return as a buyout will happen in 2006 imo. The majors need north america reserves to develop.
It only costs eca $2.00 to produces 1 cuft NG. It is elling over $11.00, more than 5 times. It is expected the NG price will come down lower. Why people is selling? ECA has said tha that they will again buy back 10% of its shares. Hopefully, thye are doing that now. Shorts may get into trouble.
I just finished writing back to someone else the same thing - that's it's a hold until the ng downtrend shows a reversal, then it's a buy again. Two things I've noticed: ebay is a seller's market and yahoo stock message boards are either filled with political nonsense, personal attacks or complaints from i-hope-i-get-rich-quick-or-else daytraders.