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Encana Corporation To Cut 20% Of Workforce, Slash Dividend-Reuters


Tuesday, 5 Nov 2013 06:33am EST 

Reuters reported that Encana Corporation will cut about 20% of workforce, slash dividend and invest nearly three-quarters of 2014 capital spending budget in more lucrative oil and liquid gas assets. Encana said it would also close Plano, Texas office and consolidate office locations to Calgary, Alberta and Denver, Colorado, as new Chief Executive Officer (CEO) Doug Suttles looks to boost profits. 

Company Quote

21.73
0.42 +1.97%
19 Aug 2014