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Fly News Breaks for October 9, 2015
ECA
Oct 9, 2015 | 08:36 EDT
BMO Capital raised its price target on Encana after the company agreed to sell its DJ Basin assets for $900M. The firm thinks that the assets are only worth $595M. BMO says that the deal will enable Encana to better withstand the volatile commodity price environment. It is upbeat on the company's remaining assets and keeps an Outperform rating on the name.
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