When Doug Suttles promised bold action last year to remake Encana Corp. into a winner, few would have anticipated the huge pace of change at the former Canadian energy powerhouse. 727 more words
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TORONTO – The Toronto stock market closed higher Wednesday as traders were reassured about the pace of interest rate hikes in the U.S.
Here are the closing numbers… 726 more words
Encana Corp flees further from natural gas with $605-million sale of Clearwater assets to Ember Resources
CALGARY – Canada’s one-time largest natural gas producer Encana Corp. announced Wednesday it was selling a further 180-million cubic feet of daily gas production for $605-million. 291 more words
The scenario has been set up for winner-take-all, whereby one interested party with clout and enough resources can scoop in and buy one of the prize assets in the oil patch: the royalty assets held by Canadian Natural Resources. 487 more words
TORONTO — The Toronto stock market added to a string of sharp losses Monday as traders continued to opt for caution amid Chinese economic data that kept concerns elevated about global economic strength and the timing of U.S. 731 more words
U.S. stock index futures were lower on Monday, indicating Wall Street’s recent weakness would continue amid ongoing civil unrest in Hong Kong.
- Equities have been volatile in recent sessions, with major indexes closing out their worst week in eight last week despite a sharp advance on Friday. 269 more words
CALGARY • Two days after closing the sale of its remaining stake in PrairieSky Royalty Ltd. for $2.6 billion, Encana Corp. used the cash it had on hand to strike the largest deal of the year in the Canadian energy sector. 704 more words