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Encana Corp (ECA.TO)

ECA.TO on Toronto Stock Exchange

16.41CAD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Fuelled Agrees With A Major Energy Producer To Sell Surplus Oil And Gas Equipment
Tuesday, 10 Apr 2018 07:00am EDT 

April 10 (Reuters) - Fuelled Inc: :FUELLED ANNOUNCES AGREEMENT WITH A MAJOR ENERGY PRODUCER TO SELL SURPLUS OIL AND GAS EQUIPMENT.FUELLED SAYS AGREEMENTS WITH ENCANA AND OBSIDIAN ENERGY TO ACT AS PRIMARY SALES AGENT FOR EACH ORGANIZATION'S SURPLUS OIL AND GAS EQUIPMENT.  Full Article

Keyera Says Entered Infrastructure Development And Midstream Service Agreement With Encana
Monday, 2 Apr 2018 06:00am EDT 

April 2 (Reuters) - Keyera Corp ::EXPECTS TO INVEST GROWTH CAPITAL OF BETWEEN $900 MILLION AND $1 BILLION IN 2018.ENTERED 20 YEAR INFRASTRUCTURE DEVELOPMENT AND MIDSTREAM SERVICE AGREEMENT WITH ENCANA.DEAL WITH ENCANA IS TO SUPPORT THEIR CONDENSATE FOCUSED PIPESTONE MONTNEY DEVELOPMENT NEAR GRANDE PRAIRIE, ALBERTA.PRELIMINARY CAPITAL ESTIMATE FOR PIPESTONE PLANT IS BETWEEN $500 MILLION AND $600 MILLION.PIPESTONE PLANT WILL INCLUDE A TOTAL OF 200 MILLION CUBIC FEET PER DAY OF SOUR GAS PROCESSING CAPACITY.  Full Article

Encana Corp Says CEO Doug Suttles' FY 2017 Total Compensation Was $12.2 Mln
Friday, 23 Mar 2018 01:01pm EDT 

March 23 (Reuters) - Encana Corp ::ENCANA CORP SAYS CEO DOUG SUTTLES' FY 2017 TOTAL COMPENSATION WAS $12.2 MILLION VERSUS $13.6 MILLION IN FY 2016 - SEC FILING.  Full Article

Encana Corp Q4 Total Production Averaged 335,200 Boe/D
Thursday, 15 Feb 2018 07:26am EST 

Feb 15 (Reuters) - Encana Corp ::ENCANA DELIVERS STRONG FOURTH QUARTER AND 2017 RESULTS; COMPANY ANNOUNCES $400 MILLION SHARE REPURCHASE PROGRAM.LIQUIDS PRODUCTION FOR MONTNEY EXPECTED TO DOUBLE AGAIN IN Q4 2018 TO BETWEEN 55,000 AND 65,000 BBLS/D.Q4 LIQUIDS PRODUCTION MORE THAN DOUBLED FROM Q4 2016 TO 29,000 BBLS/D FOR MONTNEY .ENCANA EXPECTS ITS 2018 CAPITAL PROGRAM WILL BE BETWEEN $1.8 BILLION AND $1.9 BILLION.EXPECTS 2018 CAPITAL PROGRAM WILL BE BETWEEN $1.8 BILLION AND $1.9 BILLION.CORE ASSET PRODUCTION GROWTH OF 31 PERCENT FROM THE FOURTH QUARTER OF 2016 TO THE FOURTH QUARTER OF 2017‍​.EXPECTS TO GROW 2018 TOTAL ANNUAL PRODUCTION TO BETWEEN 360,000 TO 380,000 BOE/D.EXPECTS TO GROW 2018 TOTAL LIQUIDS PRODUCTION TO BETWEEN 165,000 BBLS/D AND 175,000 BBLS/D.ABOUT 70 % OF 2018 CAPITAL PROGRAM WILL BE FOCUSED ON GROWING OIL PRODUCTION FROM PERMIAN, HIGH-MARGIN CONDENSATE PRODUCTION IN MONTNEY.TOTAL FOURTH QUARTER PRODUCTION AVERAGED 335,200 BOE/D, WITH CORE ASSETS CONTRIBUTING 93 PERCENT.PLANS TO SPEND UP TO $400 MILLION TO REPURCHASE UP TO 35 MILLION COMMON SHARES OVER NEXT 12 MONTHS THROUGH NORMAL COURSE ISSUER BID.CO'S CORE ASSETS ARE EXPECTED TO CONTRIBUTE OVER 95 PERCENT OF TOTAL 2018 PRODUCTION.COMPANY PLANS TO FUND NORMAL COURSE ISSUER BID WITH CASH ON HAND.Q4 NET LOSS OF $229 MILLION, REFLECTING NON-CASH DEFERRED TAX CHARGE PRIMARILY DUE TO DECREASE IN TAX RATES IN 2017 ARISING FROM U.S. TAX REFORM‍​.  Full Article

Encana ‍Expects 2018 Capital Program Will Be Similar To 2017​
Tuesday, 9 Jan 2018 06:00am EST 

Jan 9 (Reuters) - Encana Corp ::ENCANA DELIVERS STRONG FINISH TO 2017; INNOVATION, EXECUTION AND EFFICIENCY SET THE STAGE FOR SELF-FUNDED GROWTH IN 2018.ENCANA CORP - ‍EXPECTS ITS 2018 CAPITAL PROGRAM WILL BE SIMILAR TO 2017​.ENCANA CORP - ‍CORE ASSETS DELIVERED PRODUCTION GROWTH OF APPROXIMATELY 31 PERCENT FROM Q4 OF 2016 TO Q4 OF 2017​.ENCANA CORP SAYS "‍FIRMLY" ON TRACK TO MEET OR EXCEED TARGETS IN FIVE-YEAR PLAN SHARED AT ITS INVESTOR DAY IN OCTOBER 2017​.ENCANA CORP - ANTICIPATES BETWEEN 25 TO 35 PERCENT PRODUCTION GROWTH FROM ITS CORE ASSETS FROM Q4 OF 2017 TO Q4 OF 2018.ENCANA SAYS "‍PLANS TO INVEST VIRTUALLY ALL ITS ANTICIPATED 2018 CAPITAL IN ITS CORE ASSETS, WITH AROUND 70 PERCENT DIRECTED TO PERMIAN AND MONTNEY​ ".ENCANA CORP - IN 2018, ENCANA EXPECTS TO GROW ITS LIQUIDS PRODUCTION.  Full Article

Encana reports Q3 EPS $0.30
Wednesday, 8 Nov 2017 06:00am EST 

Nov 8 (Reuters) - Encana Corp :Encana reports third quarter results; company firmly on track to meet or beat 2017 deliverables in a transformational year.Q3 earnings per share $0.30.‍Q3 total production of 284,000 barrels of oil equivalent per day (boe/d)​.Says ‍Q3 core asset production of 248,000 boe/d; in October, this increased by 22 percent to over 302,000 boe/d​.‍In 2018, encana expects its total capital and cash flow to be in "balance"​.Says ‍Encana expects its core assets will deliver around 30 percent production growth from Q4 of 2016 to Q4 of 2017​.‍For 2018, company has hedged approximately 88,000 bbls/d of expected oil​.‍Q3 core asset production of 248,000 boe/d​.  Full Article

Encana to update five-year plan during Investor Day
Wednesday, 18 Oct 2017 06:00am EDT 

Oct 18 (Reuters) - Encana Corp :Encana to update five-year plan during Investor Day; company expects to deliver leading corporate returns, strong cash flow growth and substantial free cash flow.Encana Corp - ‍through its five-year plan, company expects its return on capital employed will climb to between 10 to 15 percent​.Encana - ‍expects to deliver about 25 percent compound annual growth in non-GAAP cash flow, around $1.5 billion cumulative adjusted free cash flow through 5-year plan​.  Full Article

Encana successfully starts Sunrise processing plant on Sept 27
Thursday, 5 Oct 2017 06:00am EDT 

Oct 5 (Reuters) - Encana Corp : :Encana Corp - ‍Encana successfully started up Sunrise processing plant on September 27, under budget and more than one month ahead of original schedule​.Encana - ‍in parallel with sunrise and tower facilities ramping up, third plant, Saturn remains ahead of schedule & is on track to start up before year-end​.Encana Corp - ‍in addition, Towerbirch lateral pipeline which connects all three plants to NGTL system started up on October 1​.  Full Article

Veresen announces start-up of Tower rich gas processing plant
Wednesday, 27 Sep 2017 06:00am EDT 

Sept 27 (Reuters) - Veresen Inc :Veresen announces start-up of Tower rich gas processing plant and expects remaining processing plants currently under construction in-service by year-end.Veresen Inc says 400 mmcf/d Sunrise processing plant is expected to start-up by mid-October with throughput anticipated to ramp up throughout 2018.Veresen - Saturn processing plant is anticipated to have one of its two 200 mmcf/d trains in-service by year-end, followed by second train in first half of 2018.Veresen Inc says when all three facilities are operational, Veresen Midstream will have 1.5 bcf/d of gas processing capacity in operation.Veresen - ‍Veresen Midstream to fund up to $5 billion of new infrastructure within AMI to service cutbank ridge partnership's planned production growth​.Veresen - ‍under Dawson Midstream deal, Encana manages construction of infrastructure within AMI, to processing facilities on behalf of Veresen Midstream.  Full Article

Encana delivers new Montney plant ahead of schedule
Wednesday, 27 Sep 2017 06:00am EDT 

Sept 27 (Reuters) - Encana Corp :Encana delivers new Montney plant ahead of schedule; company continues to outperform five-year plan.Encana Corp - ‍Company's liquids and gas volumes in play expected to grow throughout 2018​.Encana Corp - ‍Remains on track to deliver its 2017 corporate guidance despite Hurricane Harvey and gas constraints this summer in Western Canada​.Encana Corp - ‍impacts from Hurricane Harvey in Eagle Ford and Permian were limited to about 3,500 BOE/d in q3​.Encana Corp - "‍Firmly on track with our 2017 guidance and well positioned for 2018​".Encana - ‍In Western Canada, sees TCPL system maintenance, extended third party gas plant turnaround to have a Q3 production impact of about 55 MMcf/d.Encana Corp - ‍Now expects production growth from core assets to be towards top end of 25%-30% guidance range from Q4 2016 to Q4 2017​.Encana - Expects production growth from its core assets to be towards top end of its 25 to 30 percent guidance range from Q4 of 2016 to Q4 of 2017.  Full Article

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Encana profit beats on higher production, oil prices

Encana Corp blew past analysts' estimates for quarterly profit on Wednesday, as the oil and gas producer benefited from rising shale oil production in the Permian Basin, where it operates one of its biggest oilfields.