Encana (NYSE: ECA ) released its third-quarter earnings this week. Amid some good and bad news, the energy company revealed an important plan for future growth.
The good
Encana generated cash flow of $1.2 billion in the third quarter, good for earnings of $0.23 a share before currency losses. The company also grew natural-gas liquids production by 6% per share. NGL is increasingly important in the industry because it is more lucrative than regular methane. Encana aims to more than triple its NGL production by 2015.
Regards,
Don
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