4th QuarterIn Feb 2006, 4th quarter will come out. All longs will be vindicated.
The asset sales in the hundreds of millions will be reflected, the true picture of the cost of hedging will be exposed, my guess the true net loss, that effects cash flow will be smaller than everyone actully thinks. All the longs will be rewarded. ECA is just down
because people don't really understand the hedging picture.
I don't understand why there are so many posts on weather conditions.
Who cares if its minus 10 or minus 5.
Cash flow is based on the average price of gas and oil for the quarter, which holding above $11.00 and oil over 58.00