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Encana Corp (USA)(NYSE:ECA) Closes The Sale of DJ Basin And Gordondale Assets

Encana Corp (USA)(NYSE:ECA) reported that it closed the sales of Gordondale assets to Birch cliff Energy Ltd. The company’s subsidiary unit, Encana Oil & Gas (USA) Inc., also closed the sale of its Denver Julesburg Basin assets to Crestone Peak Resources. As stated earlier, the company plans to use a part of the cash proceeds […]

Gordondale And DJ Basin Assets Sales Completed By Encana Corp (USA) (NYSE:ECA)

Previously, Encana Corporation (USA) (NYSE:ECA) announced that they were implementing the sales of its Gordondale and DJ Basin assets. Today they further announced that they have successfully completed the sales stage of Gordondale and DJ Basin assets. The new successful owners Birchcliff Energy Ltd. (TSX: BIR) located in Calgary, Alberta has successfully purchased Gordondale assets […]

SandRidge Energy Inc. (NYSE:SD) – Short Term Bounce On The Cards

SandRidge Energy Inc. (NYSE:SD) finished the last trading session of the week with a modest loss of 1.84%. The intraday recovery of 10% from the day low suggests that the short term down trend may be coming at a pause and expecting a small bounce now may not seem that much ridiculous. Particularly, the volume […]

Chesapeake Energy Corporation (NYSE:CHK) Agrees To Pay $25 Million To Settle Antitrust Charges

Chesapeake Energy Corporation (NYSE:CHK) announced that it will pay $25 million to settle antitrust charges made by Attorney General of Michigan. It will also settle the other charges including misleading of landowners to acquire leases in the state. The attorney general had filed allegations against company in 2014. The details Michigan Attorney General Bill Schuette […]

PRAIRIESKY RTY LTD (OTCMKTS:PREKF) and Encana Corporation (USA)(NYSE:ECA) Execute $2.6 Billion Secondary Offering

Boston, MA 09/29/2014 (wallstreetpr) – According to reports, PRAIRIESKY RTY LTD (OTCMKTS:PREKF) and Encana Corporation (USA)(NYSE:ECA) have announced the secondary offering of 70.2 million common shares of PREKF. The price of each share of PREKF is $36.50 for the $2.6 billion gross proceeds of ECA. Insights of the offering: Both the companies executed this offering on […]

Encana Corporation (USA)(NYSE:ECA) Is All Set To Charge C$2.6 Billion For Remaining PrairieSky Stake

Boston, MA 09/10/2014 (wallstreetpr) – When Encana Corporation (USA)(NYSE:ECA) executed a spin-off transaction with PrairieSky in the month of May, nobody expected that soon it would be looking to rethink about its step. Now the company has decided to sell its stake in PrairieSky. According to reports, it has signed a deal with a syndicate of […]

The Blackstone Group L.P. (NYSE:BX) Buys Shale Louisiana Assets for $1.2 Billion

Boston, MA 08/15/2014 (wallstreetpr) – The Blackstone Group L.P. (NYSE:BX) continues to make a push for the natural gas business after it announced plans to complete the acquisition of Louisiana shale filed for about $1.2 billion. The private equity company has already confirmed that it will acquire 50% stake in the large section of the […]

Apache Corporation (NYSE:APA) Will Give Away Its Interests

Boston, MA 05/09/2014 (wallstreetpr) –  On May 8, 2014, Apache Corporation (NYSE:APA) made an announcement that shook the entire industry. The company declared that its Gulf of Mexico subsidiary will sell away its non-operated interested based in the Heidelberg and Lucius development projects. In addition, the company will also forego its 11 primary term deepwater […]

Encana Corporation (USA) (NYSE:ECA): Take Note Of The CEO Clarification About Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) Deal

Boston, MA 05/08/2014 (wallstreetpr) – The leading Canadian natural gas producer Encana Corporation (USA) (NYSE:ECA) recently announced plans to acquire more shale land to improve its oil production. However, the CEO Doug Suttles made a clarification that is worth taking note.  The CEO said that while the company is keen on doubling oil output with the […]

Talisman Energy Inc. (USA) (NYSE:TLM) To Sell Texas Venture!

Boston, MA 05/07/2014 (wallstreetpr) – Talisman Energy Inc. (USA) (NYSE:TLM) is one of the leading upstream oil and gas companies of the world which majorly work in USA and Asia Pacific. This company has always opted for doing business safely and in such a way that there is no harm to the environment from any of […]

Statoil ASA (ADR) (NYSE:STO) And Talisman Energy Inc. (NYSE:TLM) Exploring Eagle Ford Stake Sale

Boston, MA 05/06/2014 (wallstreetpr) – As per reports from Bloomberg, Statoil ASA (ADR) (NYSE:STO) alongwith its joint venture partner Talisman Energy Inc. (NYSE:TLM) are evaluating options to sell their joint holding in Texas’ Eagle Ford basin. According to people with knowledge of the matter, the sale could bring $4 billion cash to the two entities. […]

Good Businesses Are Hardly Sold, But Encana Corporation (USA) (NYSE:ECA) Has Done It

Boston, MA 04/04/2014 (wallstreetpr) – Encana Corporation (USA) (NYSE:ECA) is engaged in energy production, majorly dealing in oil, natural gas and natural gas liquids. The company can sometimes baffle you. It recently announced a deal to sell one of its lucrative natural gas operations in Jonah field, Wyoming. Companies usually divest underperforming businesses to allow greater […]

Chesapeake Energy Corporation (NYSE:CHK) And Encana Corporation (USA) (NYSE:ECA) Move For Settlement

Boston, MA 02/26/2014 (wallstreetpr) – Encana Corporation (USA) (NYSE:ECA) and Chesapeake Energy Corporation(NYSE:CHK) are expecting to end a long drawn regulatory probe, according to unconfirmed reports. The energy companies were allegedly involved or colluded, through the exchange of emails, in keeping the prices of oil and gas leases in the state at prices much below in […]

Buzzers: American Airlines Group Inc (NASDAQ:AAL) Staples, Inc. (NASDAQ:SPLS) And Encana Corporation (USA) (NYSE:ECA)

Boston, MA 02/19/2014 (wallstreetpr) – American Airlines Group Inc (NASDAQ:AAL) reports that the CEO of the company Doug Parker profits following the trading of shares was $13.4 million. He is believed to have acquired these shares in 2008, when the company was notably in trouble. One of the high-profile investors who preferred to trade-in their […]

Can These Stocks Spark an Idea? Encana Corporation (USA) (NYSE:ECA), Boston Scientific Corporation (NYSE:BSX), MGM Resorts International (NYSE:MGM)

Boston, MA 02/06/2014 (wallstreetpr) – Encana Corporation (USA) (NYSE:ECA) CEO is taking a leaner strategy to revamp the profits of the natural gas giant. Instead of operating dozens of investments in different regions, the company is keen on zeroing in on just about five profitable areas, and those areas are across North America. In order […]