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Encana Corporation T.ECA

Encana is an independent oil and gas producer with key assets in the Permian, Eagle Ford, Montney, and Duvernay areas. At the end of 2018, the company reported net proven reserves of 726 million barrels of oil equivalent. Net production averaged 361 thousand barrels of oil equivalent per day in 2018 at a ratio of 43% oil and natural gas liquids and 57% natural gas.


TSX:ECA - Post by User

Post by autofocus111on Feb 18, 2021 12:01pm
257 Views
Post# 32596220

Not a peep on Canadian news media

Not a peep on Canadian news mediaabout OVV earnings that I could find. I guess she's the black sheep of the oil family now here in Canada. Even the Duvernay asset sale wasn't enough to get reported about. But I did see this today. Seems inline with what OVV got.

>>>Canadian oil and gas producer Crescent Point Energy Corp said it has agreed to buy Duvernay shale light oil assets in Alberta from oil major Royal Dutch Shell’s Canadian unit for $900 million. The deal comprises $550 million in cash and 50 million shares (valued at $157 million) in Crescent Point Energy common stock. Subject to regulatory approvals, the transaction is expected to close in April 2021.The assets generate around 30,000 barrels of oil equivalent per day, with 57 per cent condensate, 35 per cent shale gas and 8 per cent natural gas liquids.

https://calgaryherald.com/commodities/energy/canadas-crescent-point-to-buy-shells-kaybob-assets-for-c900-mln/wcm/33fdf6c4-a35e-4fbd-aee9-7e545bb38723

Crescent Point to buy Shell's Duvernay shale oil assets for $900 million

The assets generate around 30,000 barrels of oil equivalent per day

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