[Denny]

Its a company you don't see on the street corner, but its huge. Worth twice or three times more than General Motors. It is Canada's largest energy producer. Now its scaling back its production estimates.

One big reason is water treatment problems related to oil sands. The big question is whether or not this trend will continue.

Encana has also been investing in itself, buying back its own shares, rather than sinking as much into new exploration. So, I guess that tells a story in itself. Unless energy prices, especially natural gas, go a lot higher, Encana is on a relative spending strike. See The Globe and Mail Report on Business

[Newsseeker]

Oil sands are a headache and a half. Maybe eventually people will see it as being too much trouble.

[Cobra_Strike]

Too much trouble? Non conventional oil is what we need to slowly make our way down the second half on the oil age...without it, we are REALLY fucked.

Its sad to hear that less money is being invested, because it need to be to avoid a bloodbath.

[PWALPOCO]

Perhaps there would be more willingness to invest if there was confidence that oil was going to be $80 a barrel (or more), not say, $65.

The whole oil industry is full of mixed signals with oil CEOs spouting hiigh prices , low prices , over supply , under supply and so on and so forth.

Paul

[joewp]

$this->bbcode_second_pass_quote('Cobra_Strike', 'T')oo much trouble? Non conventional oil is what we need to slowly make our way down the second half on the oil age...without it, we are REALLY fucked.

Its sad to hear that less money is being invested, because it need to be to avoid a bloodbath.

[Cobra_Strike]

Now? Far from it, I was a doomer from the beginning...I understood the far reaching implications. I might be young, but I have been a student of history.

I just don't want a total collapse to be THIS drastic. Its more then bad enough with a moderate decline.

[Concerned]

$this->bbcode_second_pass_quote('Cobra_Strike', 'T')oo much trouble? Non conventional oil is what we need to slowly make our way down the second half on the oil age...without it, we are REALLY fucked.

Its sad to hear that less money is being invested, because it need to be to avoid a bloodbath.

[joewp]

$this->bbcode_second_pass_quote('Cobra_Strike', 'N')ow? Far from it, I was a doomer from the beginning...I understood the far reaching implications. I might be young, but I have been a student of history.

I just don't want a total collapse to be THIS drastic. Its more then bad enough with a moderate decline.