Bullboard - Stock Discussion Forum Encana Corporation T.ECA

Energy

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.

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Encana Corporation > Hedging

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Post by BarbarousRelic on Jun 18, 2021 10:24am

Hedging

I sure hope OVV hasn't bungled their hedges again, because with WTE at $72 they have potential for a monstrous quarter.

Pay that debt, and right the ship...

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Comment by Margin321 on Jun 27, 2021 12:14pm

They have bungled their hedges and will have big non-cash losses. But they still should have plenty impressive free cash flow, with a number of good places to put it to use. Paying down debt never bad. Buying in shares never bad (unless they just go to management via option grants). But at some point a meaningful dividend hike should be part of the equation.

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Encana Corporation