Also remember that Encana over the last few years has really pushed to divest itself from high risk plays and concentrate more on NA. So this isnt Conoco or Exxon in Iraq/Venezuala etc.
Encana has payed premium prices for NA oil/gas plays (specifically Alberta, and Colorado/Wyoming) so they enjoy the safety of the NA structure while benefiting from world prices.
Just think if Natural Gas prices hadnt tanked, I likely would have surpassed 8 bil US.
Brilliant job, but not totally unexpected by one of the very few Canadian Shark companies.
MYK
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