Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - EnCana posts biggest annual profit in Canadian history

RedHot25 · 02-15-2007, 08:08 AM

http://www.cbc.ca/money/story/2007/0...a.html?ref=rss

Oilsands and natural gas company EnCana Corp. on Thursday pumped its dividend as the company recorded the biggest annual profit in Canadian corporate history. For 2006, EnCana made $5.65 billion US, or roughly $6.41 billion Cdn, based on last year's average Canada-U.S. exchange rate, a new Canadian record. EnCana's 2006 profit topped the previous record of $5.46 billion posted by BCE Inc. back in 1999.
A big chunk of EnCana's record profit — about $2.38 billion US — came from one-time gains made from commodity prices hedges, sales of discontinued operations and tax rate changes.

Wowsers!

02-15-2007, 08:08 AM	#1
RedHot25 Franchise Player Join Date: Dec 2003 Location: Probably stuck driving someone somewhere Exp:	EnCana posts biggest annual profit in Canadian history http://www.cbc.ca/money/story/2007/0...a.html?ref=rss Oilsands and natural gas company EnCana Corp. on Thursday pumped its dividend as the company recorded the biggest annual profit in Canadian corporate history. For 2006, EnCana made $5.65 billion US, or roughly $6.41 billion Cdn, based on last year's average Canada-U.S. exchange rate, a new Canadian record. EnCana's 2006 profit topped the previous record of $5.46 billion posted by BCE Inc. back in 1999. A big chunk of EnCana's record profit — about $2.38 billion US — came from one-time gains made from commodity prices hedges, sales of discontinued operations and tax rate changes. Wowsers!