Encana Corp's Growth Engine Slowed in Q3 but Revved Back up Quickly
On the surface, Encana (NYSE: ECA) seemed to report somewhat lackluster third-quarter results. Earnings slipped 7% versus the prior year, due to a significant drop in natural gas production. Meanwhile, the output from the company's grow-focused core assets hardly grew. That made the quarter look like a step in the wrong direction for a company that reported blowout results just a few months ago.
That said, several factors negatively impacted the quarter, including two unexpected headwinds. The company has since overcome both issues, which kept it on pace to meet, or beat, the ambitious goals it set for what's a transformation year for the Canadian shale driller.
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Source: Fool.com