Encana will probably favor purchases in the U.S. over Canada to expand in the Eagle Ford or boost its position in the Denver-Julesburg basin, Feltin said. The company could add a new area of focus in the Permian basin and, in this case, would probably pull out of the Tuscaloosa Marine shale, which is more experimental, Feltin said.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.