1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (6306) 

Third Avenue Management Comments on Encana

March 06, 2013 | About:

Fund Management added to its position in Encana Common (NYSE:ECA) following the company's announcement of a C$2.2 billion joint venture with PetroChina (NYSE:PBR). In this transaction, Encana sold a 49.9% non-operating stake in its undeveloped Duvernay land holdings in Alberta in exchange for C$1.2 billion in cash up front and C$1 billion in the form of a drilling carry that will result in PetroChina funding 75% of the development costs over the next four years. As a result, Encana ended the year with a very strong financial position that includes more than C$3 billion in cash.

From Third Avenue Management's first quarter commentary.


Rating: 2.0/5 (2 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


Doug Taylorncav fcf div
itflpalmsBruce Super Companies
murugarajmurugaraj
jittyJit - Consumer
OGCAMGAusp low cash
felix1904Low Float, high profit, health
jmeekinsDividend Growth
kingjamesmdnew Fast Growers - James's Pet
rael2222VB ok 60.84
9gebbbLFG Quant Valuation I
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK