Canada's Encana to buy Newfield Exploration in C$5.5 billion deal 6:18am EDT [Reuters]
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Source: Reuters
Canada's Encana to buy Newfield Exploration in C$5.5 billion deal | Reuters 1 Min Read (Reuters) - Canadian oil and gas producer Encana Corp ( ECA.TO ) ( ECA.N ) said on Thursday it will buy Newfield Exploration Company ( NFX.N ) in an all-stock deal valued at about C$5.5 billion ($4.20 billion). Encana said it intends to raise dividend by 25 percent and expand its share buyback program to C$1.5 billion. Separately, the Calgary, Alberta-based company said total production rose 33 percent to 378,200 barrels of oil equivalent per day (BOE/d) in the third-quarter ended Sept. 30. ($1 = 1.3101 Canadian dollars) Reporting by Nishara Karuvalli Pathikkal; Editing by Arun Koyyur All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Canada's Encana to buy Newfield Exploration in C$5.5 billion deal (Reuters) - Canadian oil and gas producer Encana Corp ( ECA.TO ) ( ECA.N ) said on Thursday it will b
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