| Encana considering sale of Haynesville gas assets - Bloomberg | |
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April 20 (Reuters) - Encana Corp , Canada's largest natural gas producer, is considering selling its natural gas properties in its Haynesville Shale basin acreage in Louisiana, Bloomberg reported, citing sources. The company has been focusing on boosting oil and natural gas liquids production in Texas and Canada under Chief Executive Doug Suttles. Citigroup Inc has begun reaching out to private-equity firms, energy explorers and other buyers for the Haynesville Shale basin acreage, which is valued at as much as $1 billion, Bloomberg reported on Monday. (http://bloom.bg/1bl614N) Encana bought the first Haynesville lease in 2005. It currently holds more than 350,000 acres of land in the area, according to the company's website. U.S.-listed shares of Encana rose 4.2 pct to $13.60 Monday afternoon. Up to Friday's close, they have fallen 44 pct in the past twelve months. Encana's Toronto-listed shares were up 3.51 pct at C$16.51. Encana and Citigroup were not immediately available for comment. (Reporting By Tanvi Mehta in Bengaluru; Editing by Saumyadeb Chakrabarty)
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Encana Corporation
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EXPLORATION STAGE |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Encana is a oil and natural gas producing company based in Canada. Encana holds various exploration projects in Canada. Its main exploration property is BUFFALO HILLS in Canada. Encana is listed in Canada and in Germany. Its market capitalisation is CA$ 4.8 billions as of today (US$ 3.7 billions, € 3.3 billions). Its stock quote reached its highest recent level on November 23, 2018 at CA$ 9.99, and its lowest recent point on January 24, 2020 at CA$ 4.96. Encana has 973 120 000 shares outstanding. |