Calgary-based Encana was founded in 1971 and is a leading North American energy producer. It has been diversifying away from its previous 100% focus on natural gas towards combined liquids. Current production is 70% natural gas and 30% oil and liquids, but oil and liquids will account for an increasing percentage of production. Its core operating assets are located in the Eagle Ford, Permian, Montney, and Duvernay resource plays.
Income Investor
This is no longer a stock we want to retain. The future of the company is uncertain, and the yield is far too low for continued inclusion in this newsletter. The jump in the share price since the announcement provides an opportunity to reduce our loss. - Gordon Pape
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ECA was first recommended here on October 23, 2015