Replies to post #15495 on SMALL CAP GOODIES

[BottomBounce]

$ECA Encana Ended 1Q With $2.2B In Cash, Cash Equivalents

[BottomBounce]

$ECA Encana Ended 1Q With $2.2B In Cash, Cash Equivalents

[BottomBounce]

$ECA Encana posted on tues a much bigger than anticipated 1Q core-profit growth as the company's push into being less reliant on natural gas continues to pay off. The company, under new leadership, has been pushing to significantly increase the portion of production which comes from liquids amid years-long price pressures for natural gas. While that output fell 2%, liquids jumped 56%. With ECA's recent $3.1B deal to buy assets in the Eagle Ford shale play of south Texas, the Canadian company is looking for sustained liquid gains. Investors have been gaining as well of late, with ECA shares up 25% in 2014. source: Dow Jones