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Encana Corporation Message Board

  • Steve_Shore Steve_Shore Feb 15, 2006 10:30 PM Flag

    ECA is an oil company

    With 657,000,000 barrels of proved bitumen reserves, this is an oil company so it is leveraged to oil. They actually have more oil reserves than gas. The nice thing about the oil sands is as the price of oil increases more reserves become economically mineable. They have barely scratched the surface when it comes to oil output, but it is a nice asset to have in reserve especially when oil goes to the $100 barrel range in the future.

 
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