New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
July 24, 2015
06:09 EDTECAEncana on track to deliver FY15 cash flow guidance of $1.4B-$1.6B
Encana remains on track to deliver its 2015 cash flow guidance of between $1.4B-$1.6B. The company generated second quarter cash flow of $181M or 22c per share; an operating loss of $167M or 20c per share; and a net loss of $1.6B or $1.91 per share primarily due to a $1.3B non-cash, after-tax ceiling test impairment. Year-to-date, Encana has generated $676M in cash flow or 85c per share; an operating loss of $148M or 19c per share; and net loss of approximately $3.3B or $4.15 per share, largely attributable to non-cash, after-tax ceiling test impairments of $2.6B. Encana is on track to fully fund its 2015 capital program and dividend with anticipated cash flow and the proceeds from previously announced and completed divestitures. In addition, the company continued streamlining its organization during the second quarter to align its structure with its transformed portfolio and disciplined capital program.
06:08 EDTECAEncana on track for average Q4 production of 50,000 BOE/d
06:07 EDTECAEncana reports Q2 EPS (20c), consensus (15c)
Subscribe for More Information
July 23, 2015
15:05 EDTECANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include AbbVie (ABBV), consensus $1.06... Biogen (BIIB), consensus $4.10... Simon Property Group (SPG), consensus $2.36... State Street (STT), consensus $1.37... V.F. Corp. (VFC), consensus 36c... Johnson Controls (JCI), consensus 91c... American Airlines (AAL), consensus $2.60... Rockwell Collins (COL), consensus $1.30... Cabot Oil & Gas (COG), consensus 4c... Lear (LEA), consensus $2.48... Encana (ECA), consensus (15c).
July 22, 2015
08:11 EDTECAEncana shares compelling, says Morgan Stanley
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use