Encana Corporation (ECA)

[ImakeMONEY]

Warm weather has allowed natural gas inventories to build up to higher than expected levels. I would anticipate that since the 'winter' is coming late this year and will therefore be shorter and the anticipated annual spring decline in natural gas prices will come in april. With those things in mind, it is unlikley Encana will see a significant move due to a 'gas shortage' or any supply related issues in the short term.

I would anticipate the most significant upcoming events to be earnings announcement on Feb 15th which should be great, and some sort of announcement about new properties which have been secured in Alberta gas fields.

Until then I expect sideways action in the shareprice, and a bit of time decay on the options.

Robert