Enviable

Chesapeake Energy Corp. kept its U.S. natural gas machine churning 24/7 in 2Q2008, and the results were enviable.

By nearly every financial measure, ConocoPhillips is in enviable shape: a debt-to-capital ratio at 19%, an ongoing share buyback program, dividend payouts and consistently strong quarterly earnings. Even so, there’s likely to be few, if any, mergers and acquisitions (M&A) announced this year, CEO Jim Mulva said last week.

By nearly every financial measure, ConocoPhillips is in enviable shape with a debt-to-capital ratio at 19%, an ongoing share buyback program, dividend payouts and strong quarterly earnings. Even so, there’s likely to be few, if any, mergers and acquisitions (M&A) announced this year, CEO Jim Mulva said Wednesday.

With an enviable gas-rich exploration and production asset base and a growing natural gas storage network, EnCana Corp. remains steadfast in its prediction that it will grow about 10% a year through 2006, according to the president of its U.S. division. However, EnCana’s growth most likely will come from non-conventional drilling methods, including extracting coalbed methane (CBM) gas and multi-zone, tight gas exploitation.

With an enviable gas-rich exploration and production asset base and a growing natural gas storage network, EnCana Corp. remains steadfast in its prediction that it will grow about 10% a year through 2006, according to the president of its U.S. division. However, EnCana’s growth most likely will come from non-conventional drilling methods, including extracting coalbed methane (CBM) gas and multi-zone, tight gas exploitation.

U.S. producers are expected to continue to view Canadian exploration and production (E&P) companies as enviable takeover targets in 2002, according to analysts.

U.S. producers are expected to continue to view Canadian exploration and production (E&P) companies as enviable takeover targets in 2002, according to analysts.