Thread regarding EnCana Corp. layoffs

Do you think Doug took this company in the correct direction selling the gas assets for oil assets when oil was at $100 bbl.?

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Post ID: @Gr7twfA

3 replies (most recent on top)

Overall, there never has been much proper direction at all.

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Post ID: @Gr7twfA-hrgm

Cenovus is mostly oil sands and I don't see oil sands to be economical until oil price reaches high $70s

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Post ID: @Gr7twfA-2abo

Agreed. But if one notices the share price of ECA and CVE, they are in lock step with each other. Perhaps the purchase of Cenovus would have been better.

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Post ID: @Gr7twfA-mdk

Timing of these deals was far from perfect but without Oil plays that we have now there would be no Encana when gas is below $2.

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Post ID: @Gr7twfA-pos

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