Strong Finish to 2013 Strategy in Action Foundation Is Set For Forward Momentum Set 2014 budget with 75% of capital to 5 core growth plays Portfolio Initiated IPO process to surface value in Royalty Business transition Realigned…
Reserves Realigned With New Strategy Extensions & Discoveries Replaced 250% Liquids & 75% Gas Production Tcfe 15 (Canadian Protocol, Proved, Forecast Prices, After Royalties ) Reserves (especially 14 PUDs) realigned with 13 business…
Q4 Results Exited 2013 From a Position of Strength Q4 2013 Total Cash Flow (MM) 677 - per share, diluted 0.91 Operating Earnings (MM) 226 - per share, diluted 0.31 Natural Gas (MMcf/d) 2,744 Oil & Field Condensate (Mbbls/d) 33.0…
2013 Results vs. Guidance Capital Discipline Drives Results 2013 Guidance 2013 Actual Total Cash Flow (B) 2.4 2.5 2.6 - per common share, diluted (/sh) 3.25 3.40 3.50 Capital Investment (B) 2.7 2.9 2.7 Net A&D (B) (0.5) (0.8)…
Maintaining Financial Strength & Flexibility Liquidity Supports Execution of Strategy 2014 capex + dividends aligned with cash flow Investment grade credit rating 2.6 billion of cash and cash equivalents as at December 31, 2013 4.3…
Getting Back to Winning Vision Strategy Goal Leading Disciplined focus Growing North American on generating shareholder resource play profitable growth value company 2017 Balanced liquids and natural gas Growth from a…
2013 2017 Strategy Scorecard Disciplined Focus on Generating Profitable Growth Focused and disciplined capital allocation to five core growth assets Portfolio Target +10% CAGR CFPS through 2017 transition 75% of 2017F upstream…
Strategy To Deliver Sustainable Returns Shareholders to Benefit from New Strategy in 2014 Disciplined and focused capital program 75% of 2014 capex allocated to five core growth assets Pre-hedge upstream operating cash flow expected to…
Operational Update February 2014 Strategy In Action 5th multi-well pad in Gordondale completed; scheduled Montney production through permanent facilities in Q2 9 rigs currently running 2 of 8 planned wells on production at first…
Focused on Growing Value, Not Volumes Five Core Growth Assets to Deliver 2x CF*/Mcfe Than Base in 2014 4.20/Mcfe Production 1.90/ Mcfe Time Five core growth Base production 2014F Pre-hedge upstream operating cash…
Encana Corporation Disciplined Focus on Profitable Growth Leading North American oil and gas resource play company High quality rocks Vision Scale and running room Operational excellence Portfolio optionality Disciplined focus on…
Advisory Regarding Reserves Data & Other Oil & Gas Information Disclosure Protocols National Instrument (NI) 51-101 of the Canadian Securities Administrators imposes oil and gas disclosure standards for Canadian public companies such as…
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