RE:RE:RE:RE:RE:Back up the truck LOL
Like most oil and gas stocks, ECA will continue to get beat on till either oil reverses or they show they can make money in the current environment. They kept the best gas properties and bought into the best US shale plays. A lot of their gas is hedged and my understanding is that a lot of their oil is hedged as well. IMO they will probably slow up in plays like the Tuscalusa marine shale but will continue developing their Eagle Ford and permian assets as well as their natural gas assets. The sweat spots in these plays are low cost and can quickly bring positive cash flow. What comes out during quarterly results will be critical as a positive suprise could wake the market up. Their are a lot of other compannies in way worse shape than ECA and so I am not overly worried as it could even become a take over candidate when the big sharks come looking. It is IMO a far beeter company than Talisman who Repsol is currently looking at. It may get cheaper in this market but we are IMO well into buying terretory for anyone with a medium to long term outlook. JMO