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by Stockwatch Business Reporter
West Texas Intermediate crude for May delivery lost 17 cents to $50.27 on the New York Merc, while Brent for June added six cents to $52.99 (all figures in this para U.S.). Western Canadian Select traded at a discount of $10.75 to WTI ($39.52), down from a discount of $10.85. Natural gas for May lost three cents to $3.16. The TSX energy index lost 1.26 points to close at 195.43.
EnCana Corp. (ECA) lost 40 cents to $14.48 on 6.03 million shares, despite singing the praises of its liquids-rich assets in the B.C./Alberta Montney. The Montney is one of EnCana's four core plays. The other three are the Alberta Duvernay, the Texas Eagle Ford and the Texas Permian. Although EnCana has effused about each of them, particularly the Permian, the Montney has received some especially devoted attention. For example, last May, EnCana held a "Montney investor event" in New York, something it did not do for the other plays. Now EnCana has dedicated a whole press release to its "world-class" Montney assets. The other plays did not get a mention, with the exception of the Duvernay, and that was only so EnCana could note that its Duvernay assets have Montney potential.
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