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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.
News For ECA From The Last 14 Days
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October 9, 2015
08:36 EDTECAEncana price target raised to $12 from $10 at BMO Capital
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October 8, 2015
06:42 EDTECAEncana agrees to sell DJ Basin assets for $900M
Encana announced that its wholly-owned subsidiary, Encana Oil & Gas, has reached an agreement to sell its Denver Julesburg, or DJ, Basin assets in Colorado to a new entity 95% owned by Canada Pension Plan Investment board and 5% by The Broe Group. Total consideration to Encana under the transaction is approximately $900M. Encana will use the cash proceeds to further strengthen its balance sheet and create greater flexibility in this market environment. When combined with net proceeds from previously announced asset sales, cash proceeds from divestitures in 2015 will total approximately $2.7B. The company expects to have reduced its net debt in 2015 by approximately $3B by year-end.

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