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30 Pages

Encana Corporation corporate - reported results analysis


Encana Corporation corporate - reported results analysis

Report summary

Encana used its full year 2016 results to deliver a strong message that the company is well-positioned to return to cash flow growth in 2017. Despite a headline net loss and a 66% fall in operating cash flow in 2016, the balance sheet was buoyed by asset sales, an equity raise and strong capital discipline throughout the year. As a result, the company’s gearing remains manageable and available liquidity is strong.

Investment is set to increase by 55% in 2017, with over 80% of the US$1.7 billion (mid-range) budget allocated to the four core plays. Although 2017 annual production is guided as flat versus 2016, Q4 2017 core production is expected to be 20% higher than Q4 2016. Spend will be funded organically, with over 70% of 2017 production hedged to protect revenue generation.


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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 Reported Results Analysis report provides rapid response analysis on company quarterly results and strategy presentations. Use it to gain the upper hand with Wood Mackenzie's opinion on the latest corporate developments.

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.

  • Q4 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q3 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • 2016 Investor Day
    • Overview
    • Strategy / investment
    • Operational outlook
    • Financial performance
  • Q2 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q1 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q4 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q3 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q2 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q1 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q4 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q3 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q2 2014
    • Overview
    • Strategy / investment
    • Operational Performance
    • Financial Performance
    • M&A
  • Q1 2014
    • Overview
    • Strategy / investment
    • Operational Performance
    • Financial Performance
    • M&A
  • Q4 2013
    • Overview
    • Strategy / investment
    • Operational Performance
    • Financial Performance
  • Q3 2013
    • Overview
    • Strategy / investment
    • Operational Performance
    • Financial Performance
  • Q2 2013
    • Overview
    • Strategy / investment
    • Operational Performance
    • Financial Performance
  • Q1 2013
    • Overview
    • Strategy / investment
    • Operational Performance
    • Financial Performance
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