Encana’s investor day
On October 5, 2016, during its investor day presentation, Encana outlined its outlook for 2017 and 2018. Encana presented its outlook assuming $55 per barrel for WTI crude oil and $3 per MMBtu (million British thermal units) for Henry Hub natural gas prices.
Encana’s outlook for 2017
For 2017, Encana plans to spend $1.4 billion–$1.8 billion in capital expenditure. This represents a midpoint increase of ~33% when compared with 2016 projected capital expenditure of ~$1.2 billion. From 4Q16 to 4Q17, Encana expects production from its core four assets to grow in a range of 15%–20%.
Encana’s outlook for 2018
For 2018, Encana expects total annual production of over 400 Mboe (thousand barrel of oil equivalent) per day, while remaining within cash flow. From 4Q17 to 4Q18, Encana expects production from its core four assets to grow by more than 30%.