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Company News

BUZZ-Encana Corp: Unveils five-year plan

** Oil and gas producer’s U.S listed shares up 4.3 pct at $11.9 as co unveils updated five-year plan

** Expects compounded annual growth rate (CAGR) of 25 pct in next five years to be achieved through highly focused capital investments and high margin production

** Expects return on capital employed to rise 10-15 pct

** Co’s Canada shares were up 3.7 pct at C$14.30

** Up to Tuesday’s close, stock had fallen 2.73 pct YTD (Reporting by Akshara. P)

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