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Encana: Unhedged But Undeterred
2014-12-23 16:01:07| Oil & Gas - Topix.net
Assuming average Nymex prices of $70 per barrel for oil and $4 per MMBtu for gas next year, Encana's shares are trading at ~3.3x 2015 estimated pre-hedge cash flow. The company has sufficient resources to execute its 2015 business plans without major curtailments even under a $55 oil/$3.50 gas scenario.
Tags: undeterred
encana
Category:Energy and Environment
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