Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Vista Projects
Copper Tip Energy Services
Vista Projects
Copper Tip Energy


Encana reports US$331 million profit, says 5-year plan ahead of schedule


These translations are done via Google Translate

CALGARY — Encana Corp. (TSX:ECA) says its core operations will grow their production even more than expected this year, following a strong second quarter that included a US$331 million net profit.

The Calgary-based oil and gas producer, which reports in U.S. currency, says the profit amounted to 34 cents per share.

During last year’s second quarter, Encana had a $601-million net loss, equal to 71 cents per share.

The company says it now expects 2017 production from its core operations will be between 25 and 30 per cent above last year’s fourth quarter level.

Encana had previously estimated the production from core operations would grow 20 per cent or better.

ROO.AI Oil and Gas Field Service Software
GLJ

The Canadian Press

Note to readers: This is a corrected story. An earlier version said Encana’s annual shareholder meeting would be held today, but it was on May 2.

Share This:




More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE