EnCana Corporation (ECA)
EnCana Corporation (<a href="javascript:void(0)" onclick="quotepop('eca')">ECA</a>) - EnCana Corp., based in Calgary, Alberta, is a major oil and gas exploration and production (E&P) company. EnCana is the largest independent natural gas producer of North America, with volumes of 3.57 billion cubic feet per day (Bcf/d) in 2007. <p> EnCana remains better positioned to navigate the current market turbulence than many of its peers. The company remains focused on capital discipline and free cash flows. With about two-thirds of its volumes next year hedged at very attractive price points, the company is expected to generate around $1.5 billion in free cash flows. <p> The company's strong portfolio of resource plays provides for cost-effective and sustainable volume growth and reserve additions. EnCana's plan to split itself into two separate entities, while delayed at present, is expected to unlock shareholder value.
December 28, 2008 | Filed Under Stock Picks
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