EnCana Corporation (ECA) held a conference call on February 11, 2010, to discuss its fourth quarter of 2009 earnings report. The company provided details on its operations in the Marcellus Shale, where the company is at a very early stage of development.
“With regard to Marcellus, we did do the small entry position and what we would like to do right now as make sure we understand the issues and I guess the profitability of the pipe report we decide whether not there is something in area that we could plan. But I guess the real answer is we weren’t there first and we would like to be person in that place and so we think they are maybe other opportunities where we can find just as good plays but from an exploratory stage.”
Source: Seeking Alpha