Encana in Financial Limbo After Cutbank Debacle with PetroChina

摘要

The termination of Encana's and PetroChina's negotiations for a proposed joint venture involving Encana's Cut-bank Ridge unconventional natural gas production properties and midstream assets last week begs the question of what is ahead for both companies. Analysts point out that Encana's revenue stream and earnings depend almost entirely on natural gas production and sales since it split off its oil sands business into what is now Cenovus in 2009 (NGW Sep. 14/09).