RE: Encana has a huge hedge positionBull.... 18% average in 2006? maybe nobody wants to PAY the same premium that it used to trade at??? I'm guessing... there's missing link in getting GAS from Colorado to the Northeast states... they need a 42 inch pipe built by 2008? (by Kinder Morgan) Kinda like the Oilsands, production will grow but what kind of premium will you, as a shareholder, PAY??? If we ever lost the Oilsands as one of the Largest Consumers of Natural Gas, the gas market would tank... but will Ralph Klein burn Uranium to Melt Bitumen? ABSOLUTELY NOT (God Bless King Ralph), will he burn Coal? very possible; or will he burn Coke (basically Bitumen) to extract Bitumen... even more likely IMO the real question to me is WEATHER... if we got an Early Winter; will we have an early spring??? IS WILLY GOING TO SEE HIS SHADOW...