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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.
News For ECA From The Last 14 Days
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January 27, 2015
10:00 EDTECAOn the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ADT Corp. (ADT) initiated with an Outperform at Raymond James... American Campus (ACC) initiated with a Buy at Stifel... Encana (ECA) initiated with an Equal Weight at Morgan Stanley... Sage Therapeutics (SAGE) initiated with a Buy at SunTrust... TerraForm Power (TERP) initiated with a Buy at BofA/Merrill.
08:34 EDTECAEncana initiated with an Equal Weight at Morgan Stanley
Target $15.
January 22, 2015
10:03 EDTECAOn the Fly: Analyst Initiation Summary
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06:29 EDTECAEncana initiated with an Equal Weight at Morgan Stanley
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January 15, 2015
09:36 EDTECAEncana upgraded to Buy from Hold at Tudor Pickering

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