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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery edged up one cent to $51.88 on the New York Merc, while Brent for December added six cents to $57.88 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.35 to WTI ($40.53), unchanged. Natural gas for November added one cent to $2.96. The TSX energy index added a fraction to close at 184.70.

EnCana Corp. (ECA) added 13 cents to $14.30 on 5.41 million shares. It is preparing to hold its 2017 investor day tomorrow in New York, where it says it will provide details on its "longer-term strategic outlook." It already released a five-year plan at last year's investor day, but president and chief executive officer Doug Suttles has been hinting that this plan is in need of an update. He predicted during an industry conference in New York last month that the "updated guidance will be even better than what we rolled out last year." Canaccord Genuity analyst Dennis Fong, evidently taking this as an invitation to start peering into his crystal ball (although analysts never actually need such invitations), released his own predictions for tomorrow's investor day in a research note this morning. All in all, he expects EnCana to be able to "self-support its growth objects" at oil prices of $50 (U.S.) and gas prices of $3 (U.S.). The "growth objects" are expected to benefit from "strong improvements in well performance" in the B.C./Alberta Montney, the Texas Eagle Ford and the Texas Permian. These are three of EnCana's four core plays, with the fourth being the Alberta Duvernay.

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