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Stock Market & Financial Investment News

News Breaks
January 11, 2013
17:51 EDTECAEncana CEO Randall K. Eresman announces retirement, effective January 11
Encana announced that Randall K. Eresman, President & CEO, has informed the Board of Directors that, effective January 11, he is retiring from Encana after serving the company for approximately 35 years. Eresman will also be retiring from the Board of Directors but he has agreed to stay on as an advisor until February 28 to assist with the transition. Clayton H. Woitas, a director of Encana and President and CEO of Range Royalty Management Ltd., has been appointed Interim President & CEO. Woitas will serve in this role while the Board of Directors conducts a search for a new President & CEO.
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February 25, 2015
12:31 EDTECAOn The Fly: Midday Wrap
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06:24 EDTECAEncana reduces 2015 CapEx by $700M to $2.0B-$2.2B
Encana is reducing its previously announced 2015 capital investment by approximately $700M to $2.0B-$2.2B. The company's 2015 capital program is now based on assumptions of $50 per barrel WTI oil prices and NYMEX natural gas prices of $3 per MMBtu. Encana expects total 2015 cash flow of $1.4B-$1.6B. The company intends to fully fund its 2015 capital program and dividend with anticipated cash flow combined with net proceeds of around $800M from the previously announced divestitures of certain Clearwater assets and Montney midstream infrastructure.
06:22 EDTECAEncana reports Q4 EPS 5c, consensus 21c
Reports Q4 average liquid production 106,400 bbls/d, up 61% YoY. Reports Q4 natural gas production of 1,861 MMcf/d, down 32%.

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