ENCANA CORPORATION 2016 Corporate Guidance December 14, 2015
2016 GUIDANCE Driving Margin Expansion & Quality Corporate Returns TOP TIER RESOURCE MARKET 95% of 2016F capital FUNDAMENTALS allocated to core four Maximizing realized prices 2016 program focused on Informs capital allocation core…
2016 STRATEGIC OBJECTIVE Montney Disciplined Focus on Profitable Growth Liquids rich Duvernay Significant flexibility to adjust capital in 2016 High value condensate Over 90% of capex is discretionary with minimal supply chain…
2016: FOCUS ON THE CORE FOUR Generating Quality Returns Core Four Total Production (Permian, Eagle Ford, Duvernay & Montney) Expect core four to maintain scale at 270 MBOE/d MBOE/d 12% y-o-y growth Montney plant turnarounds 8…
2016 ASSET HIGHLIGHTS Focus On Highest Margin Assets Growing today and in the future Longer laterals and more wells per pad to drive efficiency D&C target: 5.9 MM/well PERMIAN Capital: 800 MM Reduced land retention vertical…
SUSTAINABLE BUSINESS MODEL THROUGH THE CYCLE 2016 program funding 2016F Combination of expected cash flow & existing credit facilities Committed to maintaining investment grade credit rating Total Cash Flow (B) 1.0 1.2 Mid-BBB…
2016 GUIDANCE ALIGNED WITH STRATEGY Capital allocated to deliver quality returns Continue to expand margins Continue to drive corporate and operating efficiencies Significant flexibility Proactively managing the balance sheet…
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