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Fly News Breaks for October 15, 2019
ECA
Oct 15, 2019 | 09:31 EDT
Wolfe Research analyst Josh Silverstein downgraded Encana to Underperform from Peer Perform with a price target of $5, down from $7. The analyst said Encana's $6.3B of debt and leverage will increase unless crude oil is over $55/bbl or the company executes on further asset sales, creating uncertainty over the forward growth outlook.
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