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12 Pages

Encana Corporation corporate report


Encana Corporation corporate report

Report summary

Encana has delivered the ‘back to winning’ strategy that was outlined in November 2013, repositioning a once extensive and multi-resource portfolio to drive growth. M&A activity has featured heavily in the turnaround story, resulting in a tighter, more focused portfolio of four key plays that will drive production and cash flow growth.

The transition has not been a smooth one. Despite a multitude of moves to generate cash flow, gearing remains high at 34% as at the end of December 2016, albeit US$7.9 billion of (pre-tax) impairments since Q1 2014 played a significant role. We expect this to fall if Encana can once again deliver ambitious targets and divest the remaining non-core assets in the portfolio.


What's included?

This report includes 2 file(s)

  • Encana Corporation corporate report PDF - 389.50 KB 12 Pages, 7 Tables, 10 Figures
  • Encana Corporate Report.xls XLS - 3.14 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Wood Mackenzie company research
    • Encana Corporation
    • Encana Corporation corporate report peer group
  • Recent events
    • Date of last update: April 2017
  • Executive summary
  • Strategy
    • Strategic priorities
  • Valuation
  • Financial health
    • Net debt outlook / liquidity position
    • Options to free up capital
  • Resources, reserves and production
    • Resources and reserves overview
    • Production overview
  • Portfolio summary
  • Economic assumptions

In this report there are 17 tables or charts, including:

  • Wood Mackenzie company research
  • Recent events
  • Executive summary
    • SWOT analysis
  • Strategy
  • Valuation
    • Benchmarking: share price performance
    • Benchmarking: market premium/discount to WM base case
  • Financial health
    • Encana: net debt outlook
    • Breakdown of Brent price required for cash flow neutrality
  • Resources, reserves and production
    • Benchmarking: reported organic reserves replacement
    • Benchmarking: WM commercial reserves life
    • Encana: reported and forecasted production
    • Benchmarking: production growth
  • Portfolio summary
    • Key assets
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Valuation assumptions
    • Foreign exchange rate assumptions
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