RE:RE:Ticker change date
REMEMBER ENCANA ??? Man, do I ever! What a fool company that was. Made all the wrong moves/decisions EVERY time...the only "timing" it had was BAD timing!!!
First it was get rid of oil assets to become a focused gas company....so it spent LARGE to acquire new, uber expensive frac gas assets in the Marcellus boom! Shortly after that oil price goes to 140 a barrel and gas crashes down to almost worthless....Darn! So the next move is to raise cash in the markets to chase really expensive frac oil assets in the Eagle Ford play. US production goes from 8 million barrels a day to 12 million....oil crashes down to 20 bucks...hundreds of US oil companies go bankrupt!!!
If there was a hall of fame for that kind of stupid performance Bombardier would be in there as well!