Our CFPS estimates for 2017e and 2018e have both increased by ~20%, as ECA has increased its 2016e D&C activity plans by almost 50% while only increasing capex guidance by ~$200 mm, as capital efficiencies have improved dramatically vs. original guidance assumptions.ECA expects increased activity will add at least 30 mboe/d (~75% liquids) to 2017e volumes, relative to its prior expectations.It appears that the DJ Basin net sale proceeds have been revised down by ~$0.2 billion without expl
26 Jul 2016
2Q16 Update
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2Q16 Update
Encana (ECA:TSE) | 0 0 (-1.2%) | Mkt Cap: 13,467m
- Published:
26 Jul 2016 -
Author:
Michael P. Dunn -
Pages:
11
Our CFPS estimates for 2017e and 2018e have both increased by ~20%, as ECA has increased its 2016e D&C activity plans by almost 50% while only increasing capex guidance by ~$200 mm, as capital efficiencies have improved dramatically vs. original guidance assumptions.ECA expects increased activity will add at least 30 mboe/d (~75% liquids) to 2017e volumes, relative to its prior expectations.It appears that the DJ Basin net sale proceeds have been revised down by ~$0.2 billion without expl