Encana (ECA) Tops Q1 EPS by 5c; Affirms Capital Outlook
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Encana reports 2019 first quarter financial and operating results
April 30, 2019 6:30 AM EDTCompany increases targeted G&A synergies and achieves Anadarko well cost reductions identified in Newfield acquisition; Full year 2019 capital investment plan and production outlook reiterated
First quarter 2019 highlights:
Following the successful close of the Newfield acquisition, Encana exceeds annualized general and administrative (G&A) synergies by $25 million; new annualized estimate increased to $150 millionAnadarko well costs reduced by $1 million since acquisition close in mid-February; Company has line of sight to significantly more savings in months aheadYear-to-date share buyback... More