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Stock impact report

Encana discloses 2019 full-year proforma guidance

ENCANA (ECA) 
Last encana earnings: 10/31 06:30 am Check Earnings Report
Company Research Source: GlobeNewswire
Plan to deliver unique combination of free cash flow, return of cash to shareholders and high-margin liquids growth 2019 full-year proforma capital investment plan set at $2.7 to $2.9 billion, with more than 75 percent allocated to its Core 3 liquids plays - Permian, Anadarko and MontneyCompany proceeding with plan to return cash to shareholders through $1.25 billion share buyback and recent dividend increase of 25 percentExpect to deliver non-GAAP free cash flow in a low-to-mid $50 per barrel WTI oil price environmentProforma liquids production growth from Core 3 expected to be approximately 15 percent over proforma 2018Liquids expected to comprise more than 50 percent of expected 2019 proforma annual production CALGARY, Alberta, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Encana (NYSE, TSX: ECA) announced its 2019 capital investment program. The outlook is aligned with Encana’s strategy which returns cash to shareholders through disciplined investments to profitably grow liquids in its Co Show less Read more
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