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Encana to leave Louisiana, reap US$1.3B in cash and savings through sale

CALGARY – Encana Corp. (TSX:ECA) is exiting Louisiana through a proposed deal worth more than US$1.3 billion in cash and savings.

The Calgary-based oil and gas producer will receive US$850 million cash and reduce its commitments by about US$480 million through the sale of its Haynesville natural gas assets in northern Louisiana, under an agreement announced Tuesday. 82 more words

Canada

Announcing the speaker lineup for Fortune Brainstorm E (that's for energy)

After months of hard work, we’re thrilled to announce our initial speaker lineup for Fortune’s Brainstorm E conference, which will take place on September 28 and 29 at the Four Seasons hotel in Austin, Texas. 696 more words

Tech

Encana trims head count by 200, posts loss

CALGARY – Encana Corp. said Friday it has trimmed its workforce by more than 200 over the past month or so as it posted a net loss of US$1.6 billion during the second quarter. 406 more words

Money

No Rapid Rebound for Oil Prices ( MorningStar Energy Forecast )

Energy: No Rapid Rebound for Oil Prices

The rapid decline in oil prices has created significant investment opportunities, but downside risk remains in the short term. 1,146 more words

Energy

TransCanada lays off 185 workers, Scotiabank closes Calgary call centre

CALGARY – TransCanada says it has laid off almost 200 workers throughout its North American operations, and Scotiabank has closed its Calgary Contact Centre in the latest round of layoffs. 485 more words

Canada

Encana CEO says NDP appreciates importance of oilpatch and will move cautiously

CALGARY – The CEO of oil and gas giant Encana Corp. said he believes Alberta’s incoming NDP government appreciates the importance of a healthy oilpatch. 491 more words

News

Encana on the NDP

Encana CEO Doug Suttles talks about Rachel Notley and the election of the NDP in Alberta following the oil giant’s annual general meeting in Calgary Tuesday.

Politics