2.5 billion cashflowENCANA MUST SEE SOMETHING GREAT WITH UNITED REEF, THEY HAVE TONS OF CASH AND ELECTED TO GO WITH URP......HOPEFULLY TOMORROW WILL BE AS GOOD OR BETTER THAN TODAY
EnCana invests a small portion of its capital in high potential exploration beyond its core geographic areas, primarily offshore the East Coast of Canada, in Northern Canada, Brazil, the Middle East, Greenland and France. In 2006, EnCana's Offshore and International Division had core capital expenditures of approximately $106 million and drilled approximately four net wells. EnCana's 2007 core capital investment in the Offshore and International Division is projected to be approximately $88 million, which includes the drilling of approximately five net wells.