Encana Updates Five-year Plan

(RTTNews) - EnCana (ECA, ECA.TO) said that, through its five-year plan, the company expects its return on capital employed will climb to between 10 to 15 percent. In addition, Encana expects to deliver approximately 25 percent compound annual growth in non-GAAP cash flow and around $1.5 billion of cumulative non-GAAP free cash flow.

At today's Investor Day in New York City, Encana President & CEO Doug Suttles, along with members of the executive and management teams, will outline the company's relentless focus on creating value and its updated five-year plan.

"We have created a highly resilient business that is unique in our industry. Our updated five-year plan is better on every measure. We are on track to deliver leading corporate returns, strong cash flow growth and substantial free cash flow, without any improvement in commodity prices," said Suttles.