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Encana Corp (ECA)

ECA on New York Consolidated

11.28USD
22 May 2017
Change (% chg)

$-0.04 (-0.35%)
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Latest Key Developments (Source: Significant Developments)

Encana reports Q1 earnings per share $0.44
Tuesday, 2 May 2017 06:00am EDT 

May 2 (Reuters) - Encana Corp -:Encana delivers strong first quarter results; company's multi-basin advantage drives growth and value.Q1 non-gaap operating earnings per share $0.11.Encana Corp qtrly core asset production of 237,300 barrels of oil equivalent per day (boe/d), representing 75 percent of total production.Q1 earnings per share $0.44.Encana Corp - infrastructure on schedule to support montney liquids growth to an expected 70,000 bbls/d by 2019.Says Encana is on track to meet or exceed its 2017 guidance.Encana Corp qtrly liquids production of 110,900 barrels per day (bbls/d) including oil and plant condensate production of 87,900 bbls/d.Encana Corp - new permian 12-well pad delivered peak daily production of 14,000 boe/d, including 11,000 bbls/d of oil in quarter.Encana - as at april 26, had hedged about 81,000 bbls/d of expected 2017 oil, condensate production for balance of year at average price of $51.33/barrel.Encana - expects to grow oil and condensate production by over 35 percent and total production from core assets by over 20 percent between q4 2016 and q4 2017.Encana Corp says for 2018, has hedged approximately 31,000 bbls/d of expected oil and condensate production at an average price of $55.45 per bbl.Encana Corp - "company expects total production will begin to grow from middle of 2017".Says has protected between 70 and 75 percent of its expected oil, condensate and natural gas production for remainder of 2017.  Full Article

HNZ Group agrees helicopter services deal with Exxonmobil Canada, Encana
Thursday, 9 Mar 2017 09:18am EST 

HNZ Group: Secured new, multi-year contract to provide helicopter services to support Exxonmobil Canada, Encana Corp's activities offshore Nova Scotia, Canada .Will supply two sikorsky s-92 helicopters for a term of 3 years beginning late in Q2 of 2017.  Full Article

Encana Corp files for potential mixed shelf offering, size not disclosed
Thursday, 2 Mar 2017 02:17pm EST 

Encana Corp :Encana Corp files for potential mixed shelf offering, size not disclosed - Sec Filing.  Full Article

Encana Reports Q4 loss of $0.29/shr
Thursday, 16 Feb 2017 06:00am EST 

Encana Corp : Encana delivers strong fourth quarter and full-year 2016 results; company on track to grow corporate margin and crude and condensate production in 2017 . Q4 non-GAAP operating earnings per share $0.09 . Q4 loss per share $0.29 . Encana Corp says Q4 production from core assets of 237,100 barrels of oil equivalent per day . Encana corp says Q4 total liquids production of 108,900 barrels per day . Encana Corp - Encana's 2017 capital program is expected to be between $1.6 billion and $1.8 billion . Encana Corp - 2017 total production is expected to be between 320,000 boe/d and 330,000 boe/d . Encana Corp - Plans to grow crude and condensate production by more than 35 percent through 2017 . Encana Corp - Plans to fund its 2017 capital program with cash flows and cash on hand . Encana Corp says estimates total liquids volumes will average between 125,000 bbls/d and 130,000 bbls/d in 2017 . Encana Corp - sees FY natural gas production between 1,150 mmcf/d to 1,200 mmcf/d . Encana Corp says expects to deliver a corporate margin of greater than $10 per barrel of oil equivalent (boe) in 2017 . Encana - As at January 31, 2017, Encana had hedged approximately 79,000 bbls/d of expected 2017 crude and condensate production for balance of year .Encana Corp - Company is "firmly" on track with its five-year plan.  Full Article

Encana to outline five-year growth potential during investor day
Wednesday, 5 Oct 2016 08:00am EDT 

Encana Corp : To outline five-year growth potential during investor day, company updates 2016 guidance to reflect lower costs . Updated 2016 guidance to reflect further reduction in production, mineral and other taxes, operating expense, transportation,processing costs . Reduction in expenses, costs has delivered total additional savings of $50 million .As at September 30, 2016, Encana has hedged about 32,960 barrels per day (BBLS/D) of expected 2017 crude and condensate production.  Full Article

Nucor sold 50 pct equity interest in Hunter Ridge Energy Services to Encana
Tuesday, 4 Oct 2016 09:00am EDT 

Nucor Corp: Purchased 49% of Encana's leasehold interest covering approximately 54,000 acres in south Piceance basin . Nucor sold its 50% equity interest in Hunter Ridge Energy Services LLC to Encana . Nucor retains all existing producing wells it currently owns . Nucor and Encana also terminated two carry and earning ("C&E") drilling agreements entered into in 2010 and 2012 .By canceling agreements, co has eliminated all future carry capital, contingent liabilities which should result in lower unit cost for future drilling.  Full Article

Encana Corp files for mixed shelf of up to $6 bln
Monday, 25 Jul 2016 02:24pm EDT 

Encana Corp : Files For Mixed Shelf Of Up To $6.0 Bln - Sec filing .Intends use net proceeds from sale of securities to finance capital expenditures, to reduce outstanding indebtedness.  Full Article

Encana posts Q2 operating profit of $0.10/share
Thursday, 21 Jul 2016 06:00am EDT 

Encana Corp: Encana delivers significant efficiency improvements with strong second quarter results . Q2 operating earnings per share $0.10 . Q2 loss per share $0.71 . Encana Corp qtrly cash flow per share $0.21 . Expect to use proceeds from announced divestitures to strengthen balance sheet and modestly increase 2016 capital program . Anticipate additional activity to deliver about 13,000 boe/d of production from core four assets in q4 . Co is increasing 2016 production guidance and expects q4 exit production decline from core four assets to be cut from 10 percent to five percent . Increasing its 2016 production guidance and expects q4 exit production decline from its core four assets to be cut from 10 percent to five percent . Encana Corp says Gordondale and DJ Basin divestitures are expected to close by end of July delivering proceeds of approximately $1.1 billion . Expects full-year benefit of transportation-related cost savings to be even greater in 2017 . Has 300 mmcf/d of expected 2017 natural gas production hedged under 3-way options, 350 mmcf/d using nymex fixed price contracts for q1 2017 . About 15,500 bbls/d of expected 2017 crude and condensate hedged using WTI fixed price contracts at an average price of $49.49 per bbl . Q2 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S . "Adding 50 percent more drilling and completions activity to our 2016 program".  Full Article

Navitas Midstream announces agreement with Encana Oil & Gas
Monday, 16 May 2016 08:18am EDT 

Encana Corp : Will purchase encana's gas from its substantial acreage position in Howard county , Texas - . Navitas Midstream says plans to construct new cryogenic processing capacity near its existing spraberry processing complex . New processing facilities will increase combined processing capacity in midland basin to about 155 mmcf per day . Navitas Midstream says entire project is expected to be completed early q2 of 2017 . New processing facilities will have carbon dioxide treating and nitrogen rejection capabilities .Announces Long-Term agreement with encana oil & gas.  Full Article

Encana Corporation cuts 2016 capex, to lay off 20 pct of workforce - Reuters
Wednesday, 24 Feb 2016 07:01pm EST 

Encana Corporation:Encana Corp cut its 2016 capital spending forecast to less than half its 2015 expenditure and said it would lay off 20 percent of its workforce this year.The oil and gas producer cut its capital budget for 2016 to $900 million-$1 billion from $1.5 billion-$1.7 billion it forecast earlier as a steep drop in oil prices forces the company to focus on core assets and lower costs.Encana's U.S.-listed shares rose about 3 percent in premarket trading on Wednesday.  Full Article

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Encana sees possible benefit from U.S. border tax; operating profit up

Encana Corp will likely benefit if the United States imposes a potential border tax, Chief Executive Douglas Suttles said on Tuesday as Canada's No. 2 oil and natural gas producer reported better-than-expected operating profits for the first quarter.