RE: Think we are waitingPirate01
You fail to mention the following points;
1 - ECA's balance sheet strength and continued reduction of debt.
2 - ECA's share buyback program in USD.
3 - ECA's zero exploration risk, low F&D costs and very low operating costs, industry leading in fact.
4 - ECA's unbooked reserves which are huge by any standards.
5 - ECA’s OILSANDS STRATEGY.
Even if points 1-4 are disregarded which I can't understand, point 5 says it all.
All ECA has to do is announce which company(is) they have partnered with in their oilsands strategies and ECA will be moving much much much higher end of story.
As far as NG oversupply, this fact has been addressed with price protected NG prices for 2006.
As for NG oversupply for the next X years, it won't happen because NG use is increasing and even if supplies are keep constant, which I doubt they will be oil users will switch to NG at current prices or lower prices.
So there you have it, it’s time to buy ECA for long-term share appreciation not sell ECA unless you are trading it for short term gains.
I’m almost positive the brokerages will upgrade ECA to 70 USD tomorrow morning.
The increased dividend won’t hurt either.
Cheers and GLA