Doug Suttles, the new CEO of Encana Corp., speaks to reporters in Calgary, Alta., Tuesday, June 11, 2013. Encana Corp. reported a loss of US$245 million in its latest quarter as it was hit by restructuring costs and an unrealized hedging loss. On a conference call, Encana CEO Doug Suttles promised the company will not increase spending beyond the US$2.8 billion it has budgeted for this year despite recent higher oil prices. Encana said its adjusted operating profit for the first quarter totalled $165 million, compared with an operating profit of $156 million a year ago. It reaffirmed its production targets for 2019, including approximately 15 per cent liquids growth from its three core growth assets.

Source: thestar April 30, 2019 11:03 UTC