RE:Production declines of ECAThe Gordondale sale was, I think, back dated to January, but I don’t imagine the Gordondale production for 2016, to the point of its sale, would have been allocated to Birchcliff. So the Encana Q4 figures would likely be missing the Gordondale production figures post sale to end of 2016. As you suggest, that would explain the lion’s share of the missing production. The “lack of vigor” you describe of Encana’s efforts in the Tower/Sunrise area probably makes up the difference.
It also suggests however, that a sizeable chunk of its production was deeded to Birchcliff; information that speaks from the other side of the equation, the vendor, and verifies that Birchcliff picked up quite a nice asset.
Encana is still approximately only 10% from its recent high and has held well. It’s hard sometimes to read anything into 1st day of trading after a quarter.