A red-hot start to the year for Encana. Cube development in the Permian and Montney paved the way for a 30% year-on-year production surge (adjusted for 2017 disposals). Even more powerful growth is expected in H2 2018. Encana expects its core assets – the Permian and the Montney – to propel Q4 2018 production to between 400,000 and 425,000 boe/d, up significantly from approximately 240,000 boe/d a year ago. Execution on the five-year plan is on track; free cash flow is expected next year.