Encana

[ChuckGeb]

Throughout Ecana’s recent presentation, they stress being free cash plow positive. Your model shows them short of that target for 2019. What are your reservations.

[dan_s]

Susan & I are traveling for a few days. I will be back at my desk on Thursday. Q2 will be the first full quarter since Encana closed the merger with Newfield, so it should clear up some line items on the forecast model.

[dan_s]

CALGARY, July 8, 2019 /PRNewswire/ - Encana Corporation (NYSE, TSX: ECA) today announced that its wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., signed an agreement to sell its natural gas assets in Oklahoma's Arkoma Basin to an undisclosed buyer. Total cash consideration to Encana under the transaction is $165 million. The agreement is subject to ordinary closing conditions, regulatory approvals and other adjustments and is expected to close in the third quarter of 2019.

"Along with our recently announced agreement to exit China, this transaction shows our commitment to realize value from non-core assets. Proceeds from this sale will be directed to our balance sheet," said Doug Suttles, Encana President & CEO.

Encana's Arkoma assets include approximately 140,000 net acres of leasehold and current production of approximately 77 million cubic feet equivalent per day (98% natural gas).

[dan_s]

CALGARY, July 8, 2019 /PRNewswire/ - Encana Corporation (NYSE, TSX: ECA) today is commencing its previously announced substantial issuer bid ("the Offer") to purchase for cancellation up to US$213 million of its common shares ("Shares").

Details: https://finance.yahoo.com/news/encana-a ... 00639.html