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Encana Corp

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  • Talisman Energy and Salix are big market movers Tuesday, 16 Dec 2014 | 4:52 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Talisman Energy Inc., up $2.46 to $7.58. Laredo Petroleum Inc., up 31 cents to $7.70.

  • 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...

  • Oct 8- Encana Corp said it would sell some of its natural gas assets in southern and central Alberta for about C $605 million as it focuses on more lucrative oil and natural gas liquids. The Clearwater deal comes just days after Encana agreed to buy Athlon Energy Inc for $5.93 billion to gain control of its oil-rich lands in Texas's Permian Basin.

  • BUSINESS-NEWS-SCHEDULE AT 1930 GMT / 3:30 p.m. ET Monday, 29 Sep 2014 | 3:30 PM ET

    FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.

  • CALGARY, Alberta, Sept 29- Encana Corp, Canada's largest natural gas producer, said on Monday it expects production from Athlon Energy Inc's Texas properties to rise to 50,000 barrels per day in 2015 from a current 30,000 bpd on planned capital spending of $1 billion next year.

  • US STOCKS-DreamWorks, Athlon rally on deal news Monday, 29 Sep 2014 | 8:07 AM ET

    NEW YORK, Sept 29- DreamWorks Animation SKG and Athlon Energy were among the biggest movers in the premarket session on Monday, with both names rallying on deal news. Shares of DreamWorks soared after a person with knowledge of the situation said Japan's SoftBank Corp was in talks to buy the company.

  • NEW YORK, Sept 29- U.S. stock index futures were lower on Monday, indicating Wall Street's recent weakness would continue amid ongoing civil unrest in Hong Kong.

  • Sept 29- Encana Corp, Canada's largest natural gas producer, said it would buy Athlon Energy Inc for $5.93 billion in cash, excluding debt, as it accelerates its plan to focus on more-lucrative oil and natural-gas liquids.

  • Encana to buy Athlon Energy for $5.93 bln Monday, 29 Sep 2014 | 6:17 AM ET

    Sept 29- Encana Corp, Canada's largest natural gas producer, said it would buy Athlon Energy Inc for $5.93 billion in cash, excluding debt. Encana, which is shifting its focus to high-value oil and natural gas liquids, will also assume Athlon's $1.15 billion of senior notes. The deal includes about 140,000 net acres owned by Athlon in the oil-rich Midland Basin.

  • TORONTO, Sept 19- Canada's main stock index took its sharpest one-day hit in seven months on Friday as a broad array of stocks from banks to telecommunications and resource companies pushed it to a 1.7 percent decline for the week.

  • Sept 9- Natural gas and oil producer Chesapeake Energy Corp must face trial on charges of felony racketeering and using false pretenses related to its land-leasing practices, a state judge has ruled.

  • Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered understimulated," said David Martinez, Encana's senior manager for Haynesville development.