Encana Corporation has announced its clear vision and strategy for the future and has already started making the significant and bold changes needed to put Encana on track to be a leading North American resource play company.
The key points of this new strategy are:
- focus our capital investment on five oil and liquids-rich resource plays in North America
- continue to lower cost structures by leveraging our proven operational expertise and focusing operations to improve efficiency
- grow liquids production to build greater commodity diversity in our portfolio while retaining significant high quality natural gas resource options
- align the organizational structure with the strategy
- reset the company's dividend to align this return of cash to shareholders with current cash flow generation while maintaining financial discipline and a strong balance sheet
- unlock additional value from the portfolio through asset divestitures and an initial public offering (IPO) of our Clearwater mineral fee title lands and associated royalty interests
For a more detailed look at our new strategic focus read the vision and strategy press release, listen to the strategy launch webcast (registration required) or download the latest corporate presentation.
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