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Bullboard - Stock Discussion Forum Encana Corporation T.ECA

Encana is an independent oil and gas producer with key assets in the Permian, Eagle Ford, Montney, and Duvernay areas. At the end of 2018, the company reported net proven reserves of 726 million barrels of oil equivalent. Net production averaged 361 thousand barrels of oil equivalent per day in 2018 at a ratio of 43% oil and natural gas liquids and 57% natural gas.

TSX:ECA - Post Discussion

Encana Corporation > Why Is OVV flying since posting such an ugly writedown
View:
Post by exprohibition18 on Aug 11, 2020 9:17am

Why Is OVV flying since posting such an ugly writedown

Hedges will drag once again in q3 
We already exceed most analyst price objectives

Short squeeze ?
Comment by regardless on Aug 11, 2020 10:36am
The 50 million barrels of oil anticipated to decline in August is one thing.... natural gas above 2.18$ is a big thing too anticipated another 60 million barbell draw in September and October will push oil back to 65$ thats why I think ovv is running up 
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