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Provider: New Constructs, LLC
Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: MacroRisk Analytics/EconomicInvestor

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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

0.42 +1.97%
19 Aug 2014