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Stock Market & Financial Investment News

News Breaks
June 27, 2014
07:02 EDTECAEncana sells Bighorn assets to Jupiter Resources for $1.8B
Encana has reached an agreement with Jupiter Resources to sell its Bighorn assets for approximately $1.8B. The sale includes approximately 360K net acres of land along with Encana's working interests in all pipelines, facilities and service arrangements. Total net proved reserves at the end of 2013 were approximately 1,100 billion cubic feet equivalent, with about three quarters of those reserves being natural gas. The transaction is subject to satisfaction of normal closing conditions, as well as regulatory approvals, and is expected to close by the end of the Q3 with an effective date of May 1. Encana plans to update its FY14 guidance, which will consider the impact of all completed transactions to date, in conjunction with the announcement of its Q2 earnings on July 24.
News For ECA From The Last 14 Days
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October 22, 2014
07:47 EDTECAEncana reinstated with a Neutral at Credit Suisse
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October 15, 2014
07:19 EDTECAEncana volatility increases as oil trends lower and acquisition of Athlon Energy
EnCana (ECA) overall volatility of 37 is above its 26-week average of 29 according to Track Data, suggesting large price movement after announcing the acquisition of Athlon Energy (ATHL) for $58.50 per share.
October 8, 2014
09:32 EDTECAEncana management to meet with Deutsche Bank
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08:05 EDTECAEncana agrees to sell Clearwater assets to Ember Resources for C$605M
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