Company continues to generate significant free cash flow through capital discipline and strong operational performance Third quarter 2019 highlights: Financial performance driven by strong liquids production and cost focus. Net earnings of $149 million, or $0.11/share, with non-GAAP operating earnings of $195 million, or $0.15/share. Cash from operating activities of $756 million with non-GAAP cash flow of $817 million [...]
– Encana Corp. plans to release its 2019 third quarter financial and operating results prior to market open on Thursday, October 31, 2019. In addition, accompanying slides and financial statements will be available on the Company's website at www.encana.com under Investors/Presentations & Events. A conference call and webcast to discuss the 2019 third quarter results will be held the same day at 7 a.m. MT . To [...]
Encana Corp. today announced changes to its Executive Leadership Team, including the promotion of Michael McAllister to president, Brendan McCracken to executive vice president – corporate development and external relations and Greg Givens to chief operating officer. These changes are effective immediately. "Today's news recognizes the important contributions that these leaders have had on the success of Encana [...]
Encana Corp. today announced the final results of its substantial issuer bid under which it has accepted to purchase for cancellation 47,333,333 of its common shares at a purchase price of US$4.50 per Share, for an aggregate purchase price of approximately US$213 million. Shares purchased under the Offer represent approximately 3.5% of the issued and outstanding Shares at the time that the Offer was commenced. Based on [...]
Encana Corp. today announced the preliminary results of its substantial issuer bid , which expired at 5:00 p.m. on August 28, 2019. Based on the preliminary count by AST Trust Company , the depositary for the Offer, a total of 127,043,382 common shares of Encana Corp. were properly tendered and not properly withdrawn, including 1,573,848 Shares that were tendered through notice of guaranteed delivery. In accordance with [...]
Encana Corp.'s wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., today closed on its previously announced sale of its natural gas assets in Oklahoma's Arkoma Basin. Proceeds from the sale will be used to reduce the Company's debt. Encana's Arkoma assets included approximately 140,000 net acres of leasehold and production of approximately 77 million cubic feet equivalent per day . The Company's full-year [...]
Encana Corp. announced today that it has amended its previously announced substantial issuer bid to purchase for cancellation up to US$213 million of its common shares in order to vary the price range at which Shares may be tendered to the Offer. Due to the decrease in the market price of the Shares since the date of the original Offer, which resulted in a condition to the Offer not being met, Encana has amended the price [...]
Company generates free cash flow and growing margins through cost management and strong production Second quarter 2019 highlights: Financial performance driven by strong liquids production and cost focus. Net earnings of $336 million, or $0.24/share, with non-GAAP operating earnings of $290 million, or $0.21/share. Cash from operating activities of $906 million with non-GAAP cash flow of $877 million, or $0.64/share [...]
Encana Corp. plans to release its 2019 second quarter financial and operating results prior to market open on Wednesday, July 31, 2019. In addition, accompanying slides and financial statements will be available on the Company's website at www.encana.com under Investors/Presentations & Events. A conference call and webcast to discuss the 2019 second quarter results will be held the same day at 7 a.m. MT . To participate [...]
Encana Corp. today is commencing its previously announced substantial issuer bid to purchase for cancellation up to US$213 million of its common shares . The Offer will expire at 5:00 p.m. on August 14, 2019, unless extended or withdrawn. The Offer by Encana is being made by way of a "modified Dutch Auction," allowing shareholders who choose to participate in the Offer to individually select the price, within a price [...]
Encana Corp. today announced that its wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., signed an agreement to sell its natural gas assets in Oklahoma's Arkoma Basin to an undisclosed buyer. Total cash consideration to Encana under the transaction is $165 million. The agreement is subject to ordinary closing conditions, regulatory approvals and other adjustments and is expected to close in the third [...]
Encana repurchased 10% of its outstanding shares year-to-date; Plans to commence additional buyback in July 2019 Recent strong well performance in STACK strengthens the Company's second quarter 2019 production outlook Company reiterates annual capital investment plan Portfolio further refined through agreement to exit China Encana Corp. today provided an update on its share buyback program and disclosed its intention to [...]
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