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Encana (ECA) said late yesterday it plans to invest an extra $600M during the rest of 2012 to...

Encana (ECA) said late yesterday it plans to invest an extra $600M during the rest of 2012 to take advantage of positive initial results achieved in a number of oil and liquids rich natural gas plays. The company raised its guidance by 7% for total liquids production to 30K bpd. Original 2012 plan to drill 40-45 wells increased to 115-120 wells.
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  • marpy
    , contributor
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    Actually since most of the bet is in oil and liquids - it is oil and liquids that must not drop or rise for the bet to pay off and not so much natural gas. If Encana uses forward sales at today's prices for oil and most liquids then they can guarantee that the bet will pay off. The company is still though mostly a natural gas producer and here it is critical to be a low cost producer and maintain some discipline which they seem to be. JMO
    23 Jun 2012, 07:55 AM Reply Like
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