RE: You guys are far too in love with ECAThis has nothing to do with love, it's just good business sense.
These bozzos don't know a NG well from the hole up their arse.
Short-term NG pricing will have zero impact on ECA 2006 revenues, over 90% os NG production is put option protected for high 7’s.
Longer out NG prices are actually climbing, not falling.
ECA is the lowest cost operator and finder of any senior E&P company.
If you can play short-term swings with ECA share price and make money be my guest.
ECA will buy & cancel millions of shares in 2006.
One last point, the yanks want ECA to trade lower because they want to buy her plain and simple, and if they can drive the share price low enough they might scare enough shareholders to want to be taken over by the yanks for pennies per unbooked reserves.
It will never happen my friends; ECA is the best E&P Company in North America, based on reserves and ability to convert unbooked reserves to reserves.
They are the only company the can grow production 8-10% per year without resorting to buying reserves, plain and simple.
A few shares of ECA in your portfolio for long-term holding are essential for Canadians to act as a hedge against increasing NG prices over the next 20 years.
Don't get sucked into believing everything you read, it's all bull and manipulation by the yanks to steal your shares.
This is how big business works.
Cheers and GLA