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Encana Corp (ECA.TO)

ECA.TO on Toronto Stock Exchange

15.12CAD
17 Nov 2017
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$0.20 (+1.34%)
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Latest Key Developments (Source: Significant Developments)

Encana reports Q3 EPS $0.30
Wednesday, 8 Nov 2017 

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 

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 

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

Soros Fund Management takes in Facebook, ups in T Mobile and Alphabet
Tuesday, 14 Feb 2017 

Facebook Inc : Soros Fund Management takes share stake in facebook inc of 353,686 shares . Soros Fund Management dissolves share stake in herbalife ltd . Soros Fund Management ups share stake in t mobile us inc to 685,700 shares . Soros Fund Management ups share stake in alphabet inc by 59.1 percent to 20,200 class c shares . Soros Fund Management ups share stake in whirlpool corp by 25.7 percent to 58,700 shares . Soros Fund Management dissolves share stake in activision blizzard inc . Soros Fund Management takes share stake in celgene corp of 3,500 shares . Soros Fund Management ups share stake in cigna corporation to 36,902 shares from 13,000 shares . Soros Fund Management ups share stake in steel dynamics inc to 47,369 shares from 16,996 shares . Soros Fund Management dissolves share stake in encana corp .Soros Fund Management - change in holdings are as of dec 31, 2016 and compared with the previous quarter ended as of sept 30, 2016.  Full Article

Morgan Stanley reports 5 pct passive stake in Encana Corp as of October 26 - SEC filing
Friday, 4 Nov 2016 

Encana Corp :Morgan Stanley reports 5.0 percent passive stake in Encana Corp as of october 26 - sec filing.  Full Article

Encana to outline five-year growth potential during investor day
Wednesday, 5 Oct 2016 

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 

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 

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 

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 

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

CANADA STOCKS-TSX falls as energy stocks follow oil lower

TORONTO, Nov 15 Canada's main stock index fell in morning trade on Wednesday, as energy stocks again led a broad retreat on the back of sliding oil prices, pushing the market toward its sixth straight daily decline after hitting an all-time high.