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CS - Risk management contracts weigh on Encana’s Q1 results - May 2019
EnCana Corp. reported its recent acquisition of Newfield Exploration was one factor for the company’s growing production, but a noncash loss of $427 million on risk management contracts weighed down its results in Q1. Encana reported a net loss of $245 million, down from net earnings of $151 million a year ago. Its Q1 cash from operating activities was $529 million, up from $381 million a year ago. In February, Encana closed its $7.7 billion acquisition of Newfield Exploration, a transaction which included $5.5 billion in equity and......
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