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Encana Corporation

5/24/2013, 5:33 AM ET

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Monday, May 13, 7:25 PM Moody's predicts "historically low" natural gas prices will remain for some time because North America's shale-drilling revolution is "deeply entrenched." If right, that's bad news for the likes of Encana (ECA) and other natural gas producers but more encouraging for Agrium (AGU) and other ammonia and methanol producers that will enjoy "lower natural gas input costs." 1 Comment [Energy]
Friday, April 26, 11:39 AM Encana (ECA -1.4%) stock has not kept pace with rising natural gas prices this year, but that just makes it all the more attractive, says an analyst at Odlum Brown, upgrading ECA to Buy from Hold with a $24 price target. Investors might believe current natural gas prices will fall from reduced May-June demand, and may be waiting for the naming of a new CEO, the firm says. Comment! [Energy, Quick Ideas]
Tuesday, April 23, 6:20 AM EnCana (ECA): Q1 Operating EPS of $0.24 beats by $0.16. (PR) 2 Comments [Earnings, Breaking News]
Tuesday, April 23, 12:05 AM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX 1 Comment [Earnings]
Monday, April 22, 5:30 PM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX Comment! [Earnings]
Wednesday, March 27, 6:17 PM Canada's National Energy Board approves setting fixed tolls on TransCanada’s (TRP) Mainline pipeline network, a move the regulator says will help keep the cross-country system profitable as it faces increasing competition from U.S. shale gas supplies. Critics say TRP, as owner of the pipeline, should bear the brunt of costs associated with declining eastbound shipments. 1 Comment [Energy]
Monday, March 4, 2:59 PM Marathon Oil (MRO) hasn’t said publicly it’s searching for a successor to current CEO Clarence Cazalot, but Bloomberg says December's surprise resignation of its no. 2 man has it joining the growing ranks of energy firms seeking new leaders, including OXY, CHK, ECA, BBG and KKR's Samson Resources. With a bidding war looming, it's a good time to be an out-of-work energy exec. Comment! [Energy]
Monday, February 25, 4:59 PM A major Michigan landowner sues Chesapeake Energy (CHK) and Encana (ECA), alleging the two energy companies colluded to rig bids for oil and gas rights in 2010. In earlier statements, CHK and ECA have acknowledged holding talks about forming a joint venture, but said no agreement was reached. Emails between Aubrey McClendon and ECA execs could prove damning. 3 Comments [Energy]
Thursday, February 21, 10:12 AM Layoffs at Talisman Energy (TLM -1.3%) could be a harbinger of pain ahead for other Canadian gas producers grappling with low commodity prices. Western Canadian gas production has fallen to ~13B cu. ft./day from 17B a decade ago, Ziff Energy's Edward Kallio says, "and it's going to get worse." Encana (ECA -1.5%) will be next, he says: “They can’t make money at these prices in the basin.” Comment! [Energy, On the Move]
Friday, February 15, 6:35 PM It was your typical earnings conference call... except for the f-bomb. Encana (ECA) apologizes for the exec who cursed after an analyst asked whether new Canadian investment rules would prohibit its takeover by foreign state-owned entities. The answer was no... with an extra emphasis. 3 Comments [Energy]
Thursday, February 14, 1:55 PM Encana (ECA -7.2%) is shaping up as one of the day's biggest losers despite narrowing its net loss in Q4 as several joint venture partners helped lower production costs, but natural gas production fell 15%. Operating profit rose 28%, as hedging helped realize higher prices for gas. Cash flow fell 18% to $809M. Projects 2013 capex at $3B-$3.2B. Search for a new CEO may take six months. Comment! [Energy, On the Move]
Thursday, February 14, 6:04 AM EnCana (ECA): Q4 operating earnings of $0.40. (PR) 1 Comment [Earnings, Breaking News]
Thursday, February 14, 12:05 AM Notable earnings before Thursday’s open: ABB, ABX, ALXN, ANR, APA, BGCP, BWA, CAB, CRIS, CVE, DISCA, DTV, DVA, DWRE, ECA, GELG, GM, GNC, GNRC, INCY, JAH, LNT, LUFK, MFA, NGLS, NRF, O, OAK, PDS, PEP, PPL, REGN, SHPG, STRA, TAP, UTHR, VMC, WM, ZIP Comment! [Earnings]
Wednesday, February 13, 5:30 PM Notable earnings before Thursday’s open: ABB, ABX, ALXN, ANR, APA, BGCP, BWA, CAB, CRIS, CVE, DISCA, DTV, DVA, DWRE, ECA, GELG, GM, GNC, GNRC, INCY, JAH, LNT, LUFK, MFA, NGLS, NRF, O, OAK, PDS, PEP, PPL, REGN, SHPG, STRA, TAP, UTHR, VMC, WM, ZIP Comment! [Earnings]
Tuesday, February 12, 6:08 PM Citigroup is out with another report anticipating U.S. energy independence by 2020, a time when "the bottom of today’s trading range ($90-$120/bbl) is going to be the top of the likely trading range" for crude oil. Among companies Citi mentions as big players and potential beneficiaries: CMI, NUE, ECA, CAT, DE, GE, MMM and SI. 2 Comments [Energy, Quick Ideas]
Wednesday, February 6, 10:31 AM Goodrich Petroleum (GDP +20.7%) announces the completion of its Crosby 12H-1 well in Mississippi's Tuscaloosa Marine Shale, which GDP says continues to improve with a current production rate of 1,250 boe/day and an average daily rate of 1,130 boe/day, comprised of 1,050 barrels of oil and 469M cu. ft. of gas. Comment! [Energy, On the Move]