NEW YORK, NY / ACCESSWIRE / August 14, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on Encana Corporation (NYSE: ECA), an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays. The Company's operations also include the marketing of natural gas, oil and NGLs.
Crude prices over the near term is expected to reflect a sideways-to-bullish trend and remain range bound between $45-$55 per barrel. Even as North American shale supply remains robust, oil will be supported by the continued strengthening of global oil markets through OPEC constrained production and improving global demand situation.
The company hedges itself from volatile price movements by entering into derivative transactions. As per management, over three-quarters of ECA's production are hedged due its prudent risk-management strategies. The combination of innovative operations, commercial ingenuity, and preserving optionality is enabling ECA to create value even at subdued oil prices.
In our full report an Encana financial review, analysts target price, and market review READ MORE
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The company has been offloading its natural gas assets to improve the overall health of its balance sheet. It recently announced that that its wholly owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of its Piceance natural gas assets, located in northwestern Colorado, to Denver-based Caerus Oil and Gas LLC (Caerus).
From a business & financial performance point of view, the company's margins are improving, production is back on growth trajectory, innovation is coming fast and the balance sheet is strengthening as well. In fact, Encana is outperforming its initial 2017 corporate guidance, reflecting its efficiency. The company is maintaining its original capital investment guidance range while lowering expected costs and increasing expected production growth from its core assets from the fourth quarter of 2016 to the fourth quarter of 2017 to between 25 to 30 percent.
How do the recent improvements at Encana impact its outlook for investors? Details here READ MORE
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