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Stock Market & Financial Investment News

News Breaks
December 13, 2012
12:25 EDTECAEncana sees ending year with cash balances over $3B, well ahead of target
Including the proceeds from the transaction with Phoenix, Encana said it expects to end the year with cash balances in excess of $3.0B, well ahead of the targeted $2.5B the company projected in June. In addition, confirmed carry capital committed to Encana from joint ventures and other third party agreements for 2013 is now approximately $750M, and covers about half of Encana's projected costs in those areas. To date, Encana has increased its hedge position for 2013 to approximately 1.5B cubic feet per day at an average price of $4.39 per million cubic feet, the company said. "Our enhanced risk management position combined with our significant expected cash balance for the end of the year puts us in a solid position to execute on our plans for 2013. We expect these joint venture arrangements will help us achieve higher capital efficiencies which will enable us to reduce the amount of capital that we initially projected to spend next year," the company said.
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April 14, 2014
06:56 EDTECAStabilis Energy agrees to purchase Encana Natural Gas' domestic LNG business
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