Tags » Encana

Encana Corp raising up to $1.25 billion in bought deal to cushion blow of low oil and gas prices

CALGARY – Encana Corp. said Wednesday it would raise $1.25 billion in a bought deal offering to strengthen its balance sheet, contributing to a flurry of equity financings in the oil patch amid depressed oil prices and opportunities to purchase distressed assets at bargain prices. 461 more words

Energy

Encana Corp slashes 2015 capital budget by a quarter after 85% drop in operating profit

Encana Corp., Canada’s largest natural gas producer, slashed its capital budget by a quarter for the year due to a slump in global crude oil prices. 226 more words

Investing

Drinking dollars?

In 1990, residents of Pavillion, Wyoming first began to notice something was wrong with their water. Oil wells in backyards were causing tap water to turn black and taste like gas. 589 more words

Fracking

Fracking Bans Could Affect Retirees Relying On Mineral Rights

DENVER (CBS4) – Some Colorado lawmakers say cities that ban fracking should have to pay the owners of the mineral rights who are impacted, and the cost could run in the millions of dollars. 369 more words

News

Dividend cuts predicted as oilpatch begins Q4 reporting

Fourth-quarter reporting season in the Calgary oilpatch is expected to begin with an attack on investors’ wallets next Thursday.

At least three financial analysts are predicting Canadian Oil Sands Ltd., the largest investor in the Syncrude Canada oilsands consortium and the first large capitalization energy company out of the gate, will “substantially” chop its dividend or possibly eliminate it altogether as deeply discounted oil prices chip away at its predicted cash flow. 673 more words

Energy

What happens now?

Although Encana announced it would pull out of Erie and halt drilling at the Pratt site, that has not exactly happened just yet.  They needed to complete the drilling of the well that they started before they could cap it and close down operations.   1,025 more words

EXPERT LEGAL ADVICE: "stop being a nuisance and settle with Encana - they have all the money in the world"

This is SO important.  I have personally looked into this man’s eyes (Glenn Solomon, the lawyer speaking on the recording) after he successfully argued in Court that the Regulator (AER formerly ERCB) should not be responsible for the FACT that the water in Rosebud became so polluted that it could be set on fire – this is apparently a matter to be settled between Ernst and EnCana privately – it’s not Alberta’s problem.   478 more words