Encana (ECA) to Outline Five-Year Growth Plan; Offers Updated FY16 Guidance

October 5, 2016 8:02 AM EDT
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At today's Investor Day being held in New York City, Encana's (NYSE: ECA) President & CEO Doug Suttles along with members of the executive and management teams will outline the company's five-year, quality growth potential.

The event will include a review of the company's world-class core four assets which contain an inventory of approximately 10,000 premium return well locations.

Encana will outline its relentless focus on growing value over the next five years including a potential 300 percent increase in cash flow, a doubling of corporate margins, a 60 percent increase in total production and achieving a balanced production mix of oil and liquids and natural gas.

The company's growth potential is underpinned by active and disciplined balance sheet management. The company has access to over $5 billion in liquidity, a robust hedging program and a 100 percent short-cycle capital program. The presentation will also highlight Encana's culture of innovation and efficiency.

Starting at 8:30 a.m. ET (6:30 a.m. MT), the webcast of Encana's 2016 Investor Day is available at: http://media.rampard.com/encana/20161005/

Presentation slides for today's event are available for download at:


Encana has updated its 2016 Guidance to reflect a further reduction in production, mineral and other taxes, operating expense and transportation and processing costs. This has delivered total additional savings of $50 million. The updated 2016 guidance can be downloaded from the company's website at:


Encana updates its Risk Management Program

As at September 30, 2016, Encana has hedged approximately 32,960 barrels per day (bbls/d) of expected 2017 crude and condensate production at an average price of $50.58 per barrel along with 806 million cubic feet per day (Mmcf/d) of expected natural gas production at an average price of $2.91 per thousand cubic feet.

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