On Wednesday, Shares of Encana Corp (USA) (NYSE:ECA), added 4.00% and closed at $10.93 in the last trading session. The last trading range of the stock ranges between $10.51 and $11.10. At recently’s Shareholder Day being held in New York City, Encana’s President & CEO Doug Suttles together with members of the executive and administration teams will outline the company’s five-year, quality growth potential.
The event will include a review of the company’s world-class core four assets which contain an inventory of about 10,000 premium return well locations.
Encana will outline its relentless focus on growing value over the next five years counting a potential 300 percent increase in cash flow, a doubling of corporate margins, a 60 percent increase in total production and achieving a balanced production mix of oil and liquids and natural gas.
The company’s growth potential is underpinned by active and disciplined balance sheet administration. The company has access to over $5 billion in liquidity, a robust hedging program and a 100 percent short-cycle capital program. The presentation will also highlight Encana’s culture of innovation and efficiency.
Great Plains Energy Incorporated (NYSE:GXP), jumped 0.08% and closed at $26.60 in the last trading session. The last trading range of the stock ranges between $26.37 and $26.73. The company’s Market capitalization is $5.38 Billion with the total Outstanding Shares of 207.40 million. Energy Impact Partners LP (EIP) recently declared the addition of Avista Corp. ( NYSE : AVA ) to its Nexus planned partner network. Avista joins Southern Company ( NYSE : SO ), National Grid plc ( NYSE : NGG ), Xcel Energy Inc. ( NYSE : XEL ), Ameren Corporation ( NYSE : AEE ), Great Plains Energy ( NYSE : GXP ), and Fortis Inc. ( TSX : FTS ) as planned utility partners collaborating to increase revenues, reduce costs and improve service to customers through innovation.
EIP is a private equity fund that invests in emerging technologies, products, services and business models throughout the electricity supply chain from generation to consumption. EIP recently declared investments in Opus One Solutions, which provides visibility and control to electric distribution utilities; Sense Labs, which facilitates customers to know exactly how much energy every device in their homes is consuming; and AutoGrid Systems, which offers big data analytics and cloud computing solutions for the energy industry.
“We are happy to join some of the country’s leading utilities to develop leading-edge energy solutions through EIP,” said Avista Chairman, President and CEO Scott Morris. “Avista has a long history of innovation in energy delivery. We recognize that technology is changing rapidly and with that the needs and expectations of our customers are changing as well. Working with EIP and this coalition of progressive utilities will assist ensure that innovation remains firmly at the core of our utility business.”
Energy Transfer Equity LP (NYSE:ETE), gained 2.28% and closed at $16.59 in the last trading session. The last trading range of the stock ranges between $16.36 and $16.82. During the 52-week trading session the minimum price at which share price traded, registered at $4.00 and reached to max level of $25.36. Sunoco LP (SUN) (“Sunoco”) declared that its senior administration will hold 1×1 meetings with institutional shareholders recently at the J.P. Morgan Mid-West Energy Infrastructure/MLP 1×1 Forum in Chicago, Illinois, and on Tuesday, September 27, at the Deutsche Bank Leveraged Finance Conference in Scottsdale, Arizona.