2 Things Encana Corp's CEO Wants You to Know About Its Progress in 2017
After finally appearing to put the oil market downturn in the rearview mirror with blowout results in the second quarter, Encana (NYSE: ECA) seemed to take a step back in the third quarter. Earnings dipped versus the previous year while production from its core assets barely budged. Several factors weighed on the company during the quarter, including the impact from Hurricane Harvey, an issue with some natural gas infrastructure in Western Canada, and the sale of one of its U.S. natural gas assets.
That said, one thing CEO Doug Suttles made clear on the Q3 conference call is that those results didn't impact Encana's ability to achieve its strategic goals for the year. Instead, Suttles noted, "We are on track to exceed each of these objectives." Here's a look at what he had to say about its progress this year.
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Source: Fool.com
