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TSX Recovers After NDP’s Alberta Win Sparks Energy Sector Concerns

TSX Recovers After NDP’s Alberta Win Sparks Energy Sector Concerns

The New Democratic Party’s (NDP) victory in Alberta’s provincial election caused the TSX to drop on Wednesday as energy stocks took a hit. 

Specifically, the S&P/TSX Composite index (INDEXTSI:OSPTX) dropped 0.99 percent, or 150.05 points, to close at 15,023.89 points. The dip marked a one-month low and put seven out of 10 of the main sectors on

Encana to Spend $3.1 Billion in Texas

The Globe and Mail reported that Encana Corporation (TSX:ECA) plans to buy a tract of land in the oil-rich Eagle Ford play in Texas from Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) for $3.1 million.

Encana to Sell East Texas Properties for $530 Million

Encana Corporation (TSX:ECA,NYSE:ECA) announced that its 100% owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement with an undisclosed purchaser to sell, for approximately $530 million, several properties located primarily in Leon and Robertson counties of East Texas. The sale is expected to close in the second

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Encana expects 2017 plan to exceed forecasts shared at its Investor Day