I was hoping someone else with more knowledge about this matter might post something today, but I read yesterday Encana had a 1.4+ Billion Dollar second quarter loss and also might be involved in a collusion case with Chesapeake in Michigan.
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Permalink Reply by Les Bamburg on Kathy, cash numbers were positive. The ($1.5B) negative net earnings was a non-cash indicator that was the result of a $1.7B non-cash impairment charge. When natural gas prices recover EnCana will be able to restore the $1.7B to their book value.
CALGARY, ALBERTA -- (Marketwire) -- 07/25/12 -- Encana Corporation (TSX: ECA) (NYSE: ECA) reported cash flow of $794 million or $1.08 per share and $198 million in operating earnings or $0.27 per share for the second quarter 2012. Year-to-date the company generated cash flow of approximately $1.8 billion or $2.47 per share and operating earnings of $438 million or $0.59 per share
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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