Encana Corporation Case Study
75-100 Section 1
Introduction to Business
Analyzing EnCana Corporation
Group #10
Professor Kent Walker
Ashley Bent, Gunvansh Kapur, Emmanual Mikhael, Malveka Soni, Hasitha Sridharan
Submitted March 29th 2011
Executive Summary
The Canadian Oil and Gas Industry is is a large, billion dollar competitive market with consistent economic growth. EnCana corporation, founded in 2002 is an industry leader in Canada, employing over 3,800 individuals at the end of 2010. EnCana’s headquarters are located and operated in Calgary, Alberta. EnCana also has operating sectors in northeast British Columbia, Nova Scotia, Colorado, Wyoming, Texas and Louisiana. Their revenues showed a …show more content…
The company recorded revenues of $7,800 million in the fiscal year ended December 2007, an increase of 6.5% over 2006. The company 's operating profit was $2,649 million in fiscal year 2007, a decrease of 22.4% compared to 2006 (Data Monitor, 2008).
Talisman Energy Inc. a Canadian independent oil and gas exploration and production company is active in North and South America, Southeast Asia, and the North Sea. Talisman introduced a new strategy in 2009, which focuses on developing key growth properties, such as unconventional gas assets in North America, supported by gas developments in Southeast Asia. In 2009 Talisman invested $1.4 billion in developing its shale assets in North America. In 2010, they reported a Net Income of CND$648 million, an increase over the 2009 fiscal year (Talisman, …show more content…
Regulations and restrictions incorporating environmental policies are growing at an alarming rate in recent years, a trend that is expected to continue. That being said, EnCana needs to prove due diligence is responding, recognizing and adhering to future legal and regulatory initiatives, given that the gas and oil industry is commonly concern at the forefront of regulatory issues. In an increasing attempt to ‘go green’, EnCana must continue to invest in its Research and Development practices and their search for conscious and safe energy resource
Introduction to Business
Analyzing EnCana Corporation
Group #10
Professor Kent Walker
Ashley Bent, Gunvansh Kapur, Emmanual Mikhael, Malveka Soni, Hasitha Sridharan
Submitted March 29th 2011
Executive Summary
The Canadian Oil and Gas Industry is is a large, billion dollar competitive market with consistent economic growth. EnCana corporation, founded in 2002 is an industry leader in Canada, employing over 3,800 individuals at the end of 2010. EnCana’s headquarters are located and operated in Calgary, Alberta. EnCana also has operating sectors in northeast British Columbia, Nova Scotia, Colorado, Wyoming, Texas and Louisiana. Their revenues showed a …show more content…
The company recorded revenues of $7,800 million in the fiscal year ended December 2007, an increase of 6.5% over 2006. The company 's operating profit was $2,649 million in fiscal year 2007, a decrease of 22.4% compared to 2006 (Data Monitor, 2008).
Talisman Energy Inc. a Canadian independent oil and gas exploration and production company is active in North and South America, Southeast Asia, and the North Sea. Talisman introduced a new strategy in 2009, which focuses on developing key growth properties, such as unconventional gas assets in North America, supported by gas developments in Southeast Asia. In 2009 Talisman invested $1.4 billion in developing its shale assets in North America. In 2010, they reported a Net Income of CND$648 million, an increase over the 2009 fiscal year (Talisman, …show more content…
Regulations and restrictions incorporating environmental policies are growing at an alarming rate in recent years, a trend that is expected to continue. That being said, EnCana needs to prove due diligence is responding, recognizing and adhering to future legal and regulatory initiatives, given that the gas and oil industry is commonly concern at the forefront of regulatory issues. In an increasing attempt to ‘go green’, EnCana must continue to invest in its Research and Development practices and their search for conscious and safe energy resource