Phil Skolnick from Canaccord asks Encana’s Clayton Woitas, Interim CEO, a bit of a touchy question… The response is beautiful…
Listen closely…
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For background, Encana is a large E&P with a heavy weighting towards natural gas. I beleive the analyst is asking if there are any measures in place that would prevent someone from acquiring the company, as there has been speculation that with how cheaply ECA is trading, it might get bought.
well at least he's honest, lol
Seemed like a reasonable question. They are a takeover target right now for anyone who wants to get into the gas business.
I'm a little sad that so few people have deemed it worth listening to. Our whole office was howling when we heard this.
Definitely a dick move to ask that.
Response: "Uhh, yea; well we've been overstating earnings by about $.02 each quarter.. no biggy though."
What did he expect them to say?
Reminds me of the Enron "asshole" call.
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