Canadian energy company Encana builds bear market for crude oil into its U.S. shale strategies for 2015. UPI/Gary C. Caskey CALGARY, Alberta, Dec. 16 (UPI) — Capital efforts in U.S. shale basins for 2015 are tailored to account for a “volatile price environment,” Canadian energy company Encana said Tuesday. Encana said it was directing about 80 percent of its capital expenses, or around $2.2 billion, toward the Montney, Duveray, Eagle Ford and Permian shale reserve areas in the United States. Dough Suttles, the company’s president and chief executive officer, said Encana was moving forward with a new aggressive strategy in mind. “Built into our 2015 plan is the flexibility to respond to the challenges and act on potential opportunities presented in this volatile price environment,” he said. West Texas Intermediate, the U.S. oil price index, has shed close to half of its value since June. Prices are at the […]