February 20, 2003; Encana Asks More Time on Deep Panuke

We continue to recommend purchase of Encana common stock for large cap natural gas investment despite management's announcement of a delay in developing natural gas offshore Nova Scotia.  Though we are disappointed to learn development of Deep Panuke has been postponed, we are not completely surprised. We know it is hard to find economical oil and gas and that is the primary reason we want to be invested in the resources from which Encana already produces. 

February 20, 2003 (posted Feb 23); Meter Reader: Blizzard of '03