Last week, Encana Corp. (TSX-ECA) came out and revealed itself as the huge mystery buyer of Duvernay rights in Alberta, spending $300 million on land acquisition in the first quarter alone.
It’s a big number considering there are only two published drill holes into the Duvernay – and neither one...
Why EnCana’s Deep Panuke Problems Matter for New England
By: Bill Powers
Encana Corporation (ECA-NYSE/TSX) got lucky with high gas prices for its Deep Panuke project offshore Nova Scotia—but the failure of that play does not bode well for New England natural gas prices.
Along with Exxon’s Sable Island Energy Project (SOEP), also...
Could this be the week that natural gas bulls have been waiting for? The week when net injections into storage are so much below last year's or the five year average - that they believe the coming production-falls- off-a-cliff scenario has started, and be the sign that natural gas...
In many ways the oil industry is a fashion industry, and in 2011 the exciting new model on the investment bankers’ catwalk was the Duvernay shale.
Over $2 billion was spent acquiring big land packages, and the rising price per acre kept the play in the news headlines.
Covering over 100,000...
WHAT'S HAPPENING IN THE NATURAL GAS MARKET?
I've been buying natural gas stocks in 2016--for the first time in over five years. In this short, 6 minute video, I tell you what's happening in the natural gas market in North America--where it's come from since early 2016, what is driving...
Canadian natural gas producers could get a 45-50% reduction in pipeline fees to move gas to central Canada from TransCanada (TRP-NYSE/TSX) on their Mainline pipeline, under a new tolling arrangement they will put to Canada's National Energy Board.
If this goes ahead, it would have a huge (positive!) impact on western Canada's...
Old oil fields never die. They just get better with age.
It's a time-worn cliche, but in the case of Alberta's Duvernay shale, it may be the best example yet.
By now everybody has heard about the "shale revolution" and how it's set to dramatically change the energy landscape.
And beyond a...
Canadian natural gas producers are hoping to spend a minimum $20 billion on shipping Liquid Natural Gas (LNG) to Asia in the next 2-9 years. The size of the prize is huge—spot natural gas in Japan can be as high as $17/mcf—more than 10x Canada’s spot price of $1.50...