RBC Capital Upgrades EnCana Corp. (ECA) to Outperform
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Strong operational and financial performance in the third quarter positions Encana for growth
November 3, 2016 6:00 AM EDTCALGARY, AB -- (Marketwired) -- 11/03/16 -- (TSX: ECA) (NYSE: ECA)
Encana delivered strong financial results in the third quarter. Continuous innovation delivered leading well and operational performance which drove significant increases in net earnings and cash flow. The company continued to build on its track record of efficiency and active balance sheet management, reducing its net debt and further lowering costs. Encana remains on target to meet or exceed its 2016 guidance. Highlights from the quarter include:
net earnings of $317 million or $0.37 per... More