Why Invest in EnCana?
With the predictability, stability and visible growth of our resource play strategy, EnCana represents a unique investment opportunity. Our business decisions are based on unlocking the value in the company’s unconventional assets, improving capital efficiency and decreasing the risk exposure of our portfolio.

• Sustainable production growth – target 5 percent per year
• 23 million net acres in North America
• 19.7 trillion cubic feet equivalent proved reserves
• Approximately 10-year drilling inventory identified on existing developed lands

• Strong balance sheet
• Debt to capitalization of 28 percent
• Debt to adjusted EBITDA of .7 times
• Robust project returns – target risk-adjusted internal rate of return greater than 15 percent, after tax

• Minimum 10 percent free cash flow target
• Free cash flow supports a growing dividend and flexible share purchase program
• $1.2 billion returned to shareholders through dividends in 2008
• Purchased about 270 million shares since 2002