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  • andevenabs andevenabs Apr 6, 2006 7:00 PM Flag

    All Energy is Flat Today

    given how NG has collapsed recently, I'd say ECA is fairing very well.

    Here is what takes ECA to $70, yes I said it.

    This fall:

    1) NG back above $10

    2) a couple nasty hurricanes which then confers higher premiums on non-gulf operations in N.A

    3) Chavez becomes more brazen toward nationalization of foreign owned interests.

    My guess is some if not all of this happens. and for that reason I own Statoil as well, politically safe, conservative etc.

    Remember to buy the Alberta banks.

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