RE:RE:RE:ECA has transformedjodietoadie wrote: One problem Mr. Ranger,
Athalon, along with most of the other plays are now extremely capital intensive. Suttles might just put this company under. The Athalon deal was expensive at $100 oil. It is lunacy at $75 oil. EnCana has billions and billions in Cap-ex to get any return on this as well as most of it't other projects.
People are forgetting that ECA would have had to pay close to a billion in exchange (CDN to American) to buy the same assets out right.