On the back of guidance to stronger than expected 4Q15e production, and continued progress on improving costs and well productivity, we
have increased our go-forward estimates, with our 2015e and 2016e CFPS estimates both revised upwards by 6%. Of particular interest within 1Q15 disclosures was news that initial tests from a few wells with new completion designs in the “Graben” area of Encana’s Eagle Ford position, an area previously viewed as less economic than other areas, is yielding much be ....

15 May 2015
Increasing Estimates & Target Price, Downgrading to Market Perform

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Increasing Estimates & Target Price, Downgrading to Market Perform
Encana (ECA:TSE) | 0 0 (-1.2%) | Mkt Cap: 13,467m
- Published:
15 May 2015 -
Author:
Michael P. Dunn -
Pages:
14 -
On the back of guidance to stronger than expected 4Q15e production, and continued progress on improving costs and well productivity, we
have increased our go-forward estimates, with our 2015e and 2016e CFPS estimates both revised upwards by 6%. Of particular interest within 1Q15 disclosures was news that initial tests from a few wells with new completion designs in the “Graben” area of Encana’s Eagle Ford position, an area previously viewed as less economic than other areas, is yielding much be ....