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
• 25 million net acres in North America
• 18.9 trillion cubic feet equivalent proved reserves
• Approximately 10-year drilling inventory identified on existing developed lands

• Strong balance sheet
• Net debt to capitalization of 34 percent
• Net debt to adjusted EBITDA of 1.2 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 share purchase program
• Doubled dividend in 2007 and 2008
• Purchased about 270 million shares since 2002