Thanks for all the responses and explanations. I told my brother to buy this which he did in 2010 at $30, so I feel bad. After looking at ECA in Value Line about 9 months ago I didn't like what I saw so I sold at $34.50, but he didn't.
I recently bought back in at $20, but this just keeps collapsing.
It's a downward spiral.. look what happened to the shipping sector (water transportation) shipping rates hasn't gone up in years plus overwhelming debt... it's a snow ball effect that's hard to stop.. My portfolio has suffered due to my NatGas & shipping holdings.. It's either implementations of the NatGas Act, exporting LNG (takes time) or sub zero weather for the rest of the year.. In the mean time these pure NatGas plays are converting over to Oil.. SD is my largest holding.. I have a position in GMXR however they may have been a little late to the game... XOM buying XTO is perceived as a huge mistake, however XOM has the balance sheet to wait out the next administration.. NatGas is hitting rock bottom like a desperate alcoholic.. I hope NatGas can get some rehab..