1Q16 CFPS of $0.12/share was hurt by sequential Permian & Eagle Ford declines and severance costs. 2016e guidance was unchanged, albeit well costs are trending lower than prior targets, so there may be room to drill a few more wells this year without increasing spending. Transportation & processing commitments associated with non-core assets, which are currently ~$0.5 billion/year, drop significantly in 2019e-2022e. ECA and ARX have very similar liquids weightings, realized prices, and operating ....
05 May 2016
Q1 Update and Cost Analysis
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Q1 Update and Cost Analysis
Encana (ECA:TSE) | 0 0 (-1.2%) | Mkt Cap: 13,467m
- Published:
05 May 2016 -
Author:
Michael P. Dunn -
Pages:
11
1Q16 CFPS of $0.12/share was hurt by sequential Permian & Eagle Ford declines and severance costs. 2016e guidance was unchanged, albeit well costs are trending lower than prior targets, so there may be room to drill a few more wells this year without increasing spending. Transportation & processing commitments associated with non-core assets, which are currently ~$0.5 billion/year, drop significantly in 2019e-2022e. ECA and ARX have very similar liquids weightings, realized prices, and operating ....