Maybe EnCana Shouldn't Be Doing This

摘要

The Ecuadorean Pipeline is Also Gone.Sale of EnCana's Storage Business is Underway.Why is this Unconventional Gas Producer Selling All its Fee-Based Operations? As we outline below,at some point any producer that has exclusively committed itself to drilling long-lived unconventional resource targets is bound to disappoint its analysts and investors.Wall Street and Bay Street are always going to reward operators that can best promise rapid growth,this is just their nature,they can't help it.But the long-lived reserves EnCana has committed to exact a penalty in slower production growth.