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Encana Corp

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  • CALGARY, Alberta, Feb 25- Encana Corp, Canada's largest natural gas producer, slashed its 2015 capital budget by a quarter on Wednesday in response to a slump in global crude oil prices. Encana said it will spend between $2 billion and $2.2 billion in 2015, down from the original budget of $2.8 billion announced in December. Chief Executive Officer Doug Suttles...

  • Feb 25- 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. Encana posted an 84.5 percent drop in fourth-quarter operating profit as oil production rose but realized prices fell. Encana's operating profit, which excludes most one-time items, slumped to $35 million, or 5...

  • The Calgary- based company's operating profit, which excludes most one-time items, fell to $35 million, or 5 cents per share, in the three months ended Dec. 31, from $226 million, or 31 cents, a year earlier.

  • Dec 22- Canada's Encana Corp will sell some natural gas gathering and compression facilities in British Columbia it owns jointly with a unit of Mitsubishi Corp to Veresen Midstream LP. Veresen Midstream will provide gathering and compression services to Encana and Cutbank Ridge Partnership, its partnership with a Mitsubishi unit, for a fee.

  • CALGARY, Alberta, Dec 16- Encana Corp, Canada's largest natural gas producer, said on Tuesday it will boost capital spending next year to focus on its profitable shale oil fields, bucking an industry-wide move to cut spending as oil prices tumble. Encana, which is increasing oil and natural gas liquids production under the direction of Chief Executive Doug...

  • Nov 13- Canada's PrairieSky Royalty Ltd, which was spun off from EnCana Corp earlier this year, said it would buy peer Range Royalty Ltd Partnership in a deal worth C $699 million to gain exposure to the Viking light oil field in Saskatchewan. The Viking field was expected to "provide strong oil production growth in the coming years," Chief Executive Andrew Phillips...

  • Nov 13- PrairieSky Royalty Ltd, which was spun off from EnCana Corp earlier this year, said it would acquire peer Range Royalty Ltd Partnership in a deal worth C $699 million. Both companies own properties in Western Canada and collect royalties from oil companies operating on these properties. PrairieSky also said it intends to increase its annual dividend to C...

  • Nov 13- PrairieSky Royalty Ltd, which was spun off from EnCana Corp earlier this year, said it would acquire peer Range Royalty Ltd Partnership in a deal worth $699 million. Both companies own properties in Western Canada and collect royalties from oil companies operating on these properties. PrairieSky also said it intends to increase its annual dividend to...

  • Nov 12- Encana Corp, Canada's largest natural-gas producer, said its quarterly operating profit jumped 87 percent due to higher production of oil and natural gas liquids. The $5.93 billion deal put Encana on track to achieve 75 percent of operating cash flow from liquids in 2015.. Encana's cash flow, a key indicator of its ability to pay for new projects and...

  • Encana's operating profit nearly doubles Wednesday, 12 Nov 2014 | 6:14 AM ET

    Nov 12- Encana Corp, Canada's largest natural-gas producer, said its quarterly operating profit jumped 87 percent due to higher production of oil and natural gas liquids. The company's operating profit, excluding most one-time items, rose to $281 million, or 38 cents per share, in the third quarter ended Sept. 30 from $150 million, or 20 cents per share, a year earlier.

  • Nov 10- KKR& Co, which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.

  • CALGARY, Alberta, Oct 23- Cenovus Energy Inc, Canada's No. 2 independent oil producer, said on Thursday it is mulling the future of its royalty-generating freehold oil and gas properties in Western Canada after competitor Encana Corp raised billions through the sale of similar properties. The popularity of Encana's offering has spurred other producers,...

  • NEW YORK, Oct 22- Apollo Global Management LLC plans to start raising between $2 billion and $3 billion for a second natural resources private equity fund, sources familiar with the situation said, in the latest sign that the firm is doubling down on the U.S. shale boom. The firm's first resources fund, the Apollo Natural Resources Partners, has now almost fully...

  • U.S. stock index futures indicated a higher start to Wall Street trade on Tuesday, with shares in Asia and Europe boosted.

  • Lightning Round: Athenahealth, Encana & More Monday, 12 May 2014 | 6:46 PM ET

    It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Squawking $143B selfie and NY to Tokyo in 1 hour Thursday, 8 May 2014 | 2:46 PM ET
    Bill Gates, Charlie Munger and Warren Buffett participate in a "selfie" taken by CNBC's Becky Quick in Omaha. In a live interview, Buffett said based on his experiences with college students who visit Omaha, selfies are "all the rage." The estimated net worth of the three men in the picture: $143.1 billion.

    Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.

  • Early movers: DIS, WFM, AOL, EBAY & more Wednesday, 7 May 2014 | 7:48 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Freeport sheds TX shale assets in $3.1 bln deal Wednesday, 7 May 2014 | 7:32 AM ET

    Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.

  • Lightning Round: RBS, Dianna Shipping & More Monday, 7 Apr 2014 | 6:38 PM ET

    It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Early movers: GMCR, BHI, SHLD, TM & more Monday, 17 Mar 2014 | 7:52 AM ET
    Sears' flagship store in Chicago.

    Some of the names on the move ahead of the open.