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Encana Corporation Message Board

  • dumsani79 dumsani79 Nov 8, 2012 10:55 AM Flag

    natural gas pricing

    I still think that there is a correlation between demand and supply. The supply of natural gas is enormous and the inventory is remaining very high. If winters stay as mild as they have been recently (at least in the mid-west) and if energy plants don't move more quickly toward natural gas and away from coal then I just don't see much price support in the near to mid term. Exporting to Japan and elsewhere is promising for LG but it seems as though everybody is getting into that game. EOG is up and seems to be hitting on all cylinders while ECA seems to be struggling. I'm in this stock on my broker's recommendation and that's the only reason. Don't think that is good enough. Any thoughts from those bullish on this stock would be appreciated.

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