Thank you very much, Chair.
Thank you to everyone for being here. Thank you, Mr. McGowan, for being up a couple of hours even earlier.
All of us politicians like to think we're more influential than we are. I'm reading the quote from the former MP from Fort McMurray who said that he'd like to see it all slowed down, that they have two-hour waits in the morning and the oil sands aren't going anywhere. He said, “Let’s manage it properly.”
If I were to try to find a theme through what I heard this morning, it's that there's a change in the profile for the companies in terms of investment decisions.
I want to start with you, Mr. Dunn. From your company's perspective, from Encana's perspective, this is a time when extras are being taken off the books. You're looking to save money. You're looking to keep things nimble and lean. Is that a fair assessment in terms of where the company is at?