Picked up a few shares of ECA this a.m. Not exactly an income investment, but does sport a 3.5% yield. On today's brutal drop, bought shares in anticipation of selling October calls on the next manic up day. Would like to get about 10% on $20 calls. NG stocks are usually weak in October, so could perhaps sell a second round of calls out to April or so and a little further out of the money.
ECA has cut down on NG and is changing focus to include more crude and NG liquids. That should help the bottom line in future quarters. My belief is that shares represent a reasonably conservative bet when bought at under $20, especially if $2+ calls can be sold.