Wednesday, December 11, 2013

Encana - 2014 Guidance

Encana announced this today as part of their 2014 guidance:
"In order to transition to a more balanced commodity portfolio and achieve a goal of deriving approximately 75 percent of its cash flow from oil and natural gas liquids by 2017, Encana will focus three quarters of its planned $2.4 billion to $2.5 billion capital investment in 2014 on five oil and liquids-rich assets: the Montney, Duvernay, DJ Basin, San Juan Basin and the Tuscaloosa Marine Shale (TMS)  These five assets are expected to make up about 25 percent of total production in 2014 while generating approximately 45 percent of total upstream operating cash flow before the impact of commodity price hedging."

http://files.shareholder.com/downloads/AMDA-I95FU/2837231797x0x713027/1881d574-3a93-4cc3-bf19-496d026c3a47/ECA_News_2013_12_11_General_Releases.pdf

Slide Presentation:
http://www.encana.com/pdf/investors/presentations-events/corp-guidance-2014.pdf

Source: www.encana.com
Source: www.encana.com

Source: www.encana.com
Source: www.encana.com


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