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Stock Market & Financial Investment News

News Breaks
April 29, 2014
07:58 EDTECAEncana to sell properties in East Texas for about $530M
EnCana announced that its wholly-owned subsidiary, Encana Oil & Gas, has reached an agreement with an undisclosed purchaser, to sell certain properties located primarily in Leon and Robertson counties of East Texas for approximately $530M. The combined areas represent about 90,000 net acres and 2013 average production of about 100 million cubic feet per day of natural gas and about 1,200 barrels per day of total liquids. Year-end 2013 total estimated proved reserves of the properties equate to just over 200B cubic feet equivalent compromised of 97% natural gas. This sale is subject to the satisfaction of normal closing conditions and expected to close in Q2 with an effective date of April 1.
News For ECA From The Last 14 Days
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July 23, 2014
09:36 EDTECAEncana upgraded to Hold from Sell at Tudor Pickering
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July 22, 2014
14:08 EDTECAEarnings Preview: Freeport McMoRan sentiment positive ahead of Q2 report
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July 21, 2014
06:51 EDTECAEncana poised to sell Deep Panuke project this year, Bloomberg says
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July 10, 2014
12:59 EDTECAChesapeake up against bid-rigging case, Reuters says
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