Encana Corp. announced today that it has amended its previously announced substantial issuer bid to purchase for cancellation up to US$213 million of its common shares in order to vary the price range at which Shares may be tendered to the Offer. Due to the decrease in the market price of the Shares since the date of the original Offer, which resulted in a condition to the Offer not being met, Encana has amended the price [...]
Company generates free cash flow and growing margins through cost management and strong production Second quarter 2019 highlights: Financial performance driven by strong liquids production and cost focus. Net earnings of $336 million, or $0.24/share, with non-GAAP operating earnings of $290 million, or $0.21/share. Cash from operating activities of $906 million with non-GAAP cash flow of $877 million, or $0.64/share [...]
Encana Corp. plans to release its 2019 second quarter financial and operating results prior to market open on Wednesday, July 31, 2019. In addition, accompanying slides and financial statements will be available on the Company's website at www.encana.com under Investors/Presentations & Events. A conference call and webcast to discuss the 2019 second quarter results will be held the same day at 7 a.m. MT . To participate [...]
Encana Corp. today is commencing its previously announced substantial issuer bid to purchase for cancellation up to US$213 million of its common shares . The Offer will expire at 5:00 p.m. on August 14, 2019, unless extended or withdrawn. The Offer by Encana is being made by way of a "modified Dutch Auction," allowing shareholders who choose to participate in the Offer to individually select the price, within a price [...]
Encana Corp. today announced that its wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., signed an agreement to sell its natural gas assets in Oklahoma's Arkoma Basin to an undisclosed buyer. Total cash consideration to Encana under the transaction is $165 million. The agreement is subject to ordinary closing conditions, regulatory approvals and other adjustments and is expected to close in the third [...]
Encana repurchased 10% of its outstanding shares year-to-date; Plans to commence additional buyback in July 2019 Recent strong well performance in STACK strengthens the Company's second quarter 2019 production outlook Company reiterates annual capital investment plan Portfolio further refined through agreement to exit China Encana Corp. today provided an update on its share buyback program and disclosed its intention to [...]
The following matter was voted upon at the Annual Meeting of Shareholders of Encana Corp. held on April 30, 2019, in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual Meeting of Shareholders and 2019 Proxy Statement dated March 14, 2019. Election of Directors By resolution passed via ballot, the following 12 nominees were appointed as Directors of the Corporation to serve until [...]
Company increases targeted G&A synergies and achieves Anadarko well cost reductions identified in Newfield acquisition; Full year 2019 capital investment plan and production outlook reiterated First quarter 2019 highlights: Following the successful close of the Newfield acquisition, Encana exceeds annualized general and administrative synergies by $25 million; new annualized estimate increased to $150 million Anadarko [...]
Sustainable model delivered free cash flow, strong growth in proved reserves and high-margin liquids Fourth quarter and full-year 2018 highlights: Fourth quarter total production of 403,400 barrels of oil equivalent per day Fourth quarter liquids production grew more than 25 percent year-over-year, to 192,700 barrels per day Full-year total production of 361,200 BOE/d Full-year liquids production up 30 percent [...]
Encana Corp. plans to release its 2019 first quarter financial and operating results prior to market open on Tuesday, April 30, 2019. In addition, accompanying slides and financial statements will be available on the Company’s website at www.encana.com under Investors/Presentations & Events. A conference call and webcast to discuss the 2019 first quarter results will be held the same day at 7 a.m. MT . To [...]
Sherri A. Brillon announces retirement Encana Corp. today announced the appointment of Corey D. Code as Executive Vice-President & Chief Financial Officer, effective May 1, 2019. Sherri A. Brillon, who has served as Encana’s CFO since 2009, will be retiring at the end of May 2019. “We are pleased that Corey will be joining our Executive Leadership Team,” said Doug Suttles, Encana President & CEO [...]
Plan to deliver unique combination of free cash flow, return of cash to shareholders and high-margin liquids growth 2019 full-year proforma capital investment plan set at $2.7 to $2.9 billion, with more than 75 percent allocated to its Core 3 liquids plays - Permian, Anadarko and Montney Company proceeding with plan to return cash to shareholders through $1.25 billion share buyback and recent dividend increase of 25 [...]
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