Is it $13.50 or lower? Maybe even $11!
Now that others are cutting back and ECA full steam ahead. WATCH OUT for that ICEBURG!
Sure, they will hit a lot of oil. However, in purchase of ATHL they did not assume $65 oil in valuation. AND, what quantity did they assume? If you over pay for an asset you lose. So don't get over excited when production stars. They need the price and quantity they assumed in financial valuation. Right now it looks like they blew it.
Now will they find the quantity they summed in their. Financial model. Could be a double whammy.
I sure hope U do. Don't let myopia take over.
In the quest for Oil. It didn't turn out well for captain Ahab
Nov. 24, 2014 - Considering all of this, investors have a gamble of their own to consider when it comes to EnCana. By forgoing its natural gas diversity for a primarily oil production model EnCana is sitting at a disadvantage compared to several of its Canadian counterparts. However for those investors who are bullish on crude prices, the next three days might be a good time to make a bet.
They bet wrong!
While oil and NG stay at recent history lows? Check out the history of Delta Petroleum Corp.
Cant even hear a mouse.