StenchGo for it Stench, you just never know what the stock will do in the future.
More assets sales will be announced soon. Will this have a positive or negative affect or neutral?
3.5 billion In free cashflow in 2006, buys lots of shares?
Why would you short ECA? ECA is not a weak company and IMHO they are the strongest company by assets and reserves by far in Canada if not North America?
You short weak companies not perceived weak companies because some broker decides to put out a sell recommendation on them based on short-term trading.
Just my opinion, it could go either way in the short-term. Cold spell could knock down NG inventories to more historical levels going into shoulder season.
Sooner or later quality always rises to the top and ECA is definitely undervalued by most measures against other senior O&G companies.
If Shell was interested at 75 US I'm sure they are still interested today at 75 US and with US dollar getting weaker day by day, ECA is cheaper in Canadian bucks.
Hey we all have to make our own buy/sell decisions but I’d have to question short selling strategies with this company btu whatever works for you. GL