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Encana’s Makeover ‘Going Faster Than Planned’

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May 20, 2014

Doug Suttles’ whirlwind year is paying off.

Encana Corp. (NYSE: ECA, TO: ECA.TO) is up 33% since the Texan became CEO in June and his makeover of Canada’s largest gas producer is going faster than planned, Bloomberg said May 20.

Since taking over, the former BP Plc (NYSE: BP) executive announced the sale of $2.3 billion of gas properties, the purchase of $3.1 billion of oil lands, planned a royalty spinoff and paid down debt. Suttles is shifting production toward more valuable oil and gas liquids to buffer Encana from ...

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