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Thursday, February 28, 2013

$ECA Looking Bullish At These Levels

$ECA Looking Bullish At These Levels

Encana is not alone in its investment to grow liquids production. Large U.S. based onshore peers Chesapeake Energy (NYSE: CHK  ) and Devon Energy (NYSE: DVN  ) are just two of the many examples of exploration and production companies looking to shift the balance of production into liquids. Chesapeake grew its liquids production 52% last year and is planning a further 29% boost in the year ahead. Chesapeake's success is due in part to devoting more than 85% of its capital budget to liquids projects. 
 

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