Nobody downloaded yet

Evaluate the performance of Encana - Assignment Example

Comments (0) Cite this document
Global Environment of Canadian Business Course Number Date Submitted Evaluate the Performance of EnCana Introduction EnCana Corporation is considered to be the leading company in the natural gas production. Other than production, it is engaged in the transportation and marketing of natural gas and liquid…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.2% of users find it useful
Evaluate the performance of Encana
Read TextPreview

Extract of sample "Evaluate the performance of Encana"

Download file to see previous pages From this position, it evolved and became one of the largest independent Oil and Gas Company of the same state. The earlier leadership of EnCana developed a strategy of focusing on extract unconventional or difficult oil gas when 90% of the hydrocarbon needs were fulfilled by conventional sources. Over the years, advanced technology and expertise have been hired by EnCana so that they can acquire substantial land resources and make it one of the largest land holders in the North American region (Manda & Maldar, 2005). EnCana as one of the successor companies to the break-up of Canadian Pacific Limited In 2002, September, the company was separated into five stand alone companies. Here after the break up, the Pan Canadian Energy Corporation merged with Alberta Energy Co. now called EnCana Corp. (Andy, 2002). The striving young part of Canadian Pacific Limited has struggled a lot throughout the time and now because of their effective leadership and strategies, they have been able to be counted as one of the cheapest and largest natural gas producers of the state. Evaluate the performance of the company on the bases of their Strategy and Leadership Instead of following other energy companies, who were moving into more remote or hostile places like Iraq, seabed of Atlantic Ocean, the early leaders of EnCana changed their strategy and spent three and a half year in dumping the almost every faraway asset of EnCana. Initially, this strategy was unusual and was not supported by many of the business intellectuals. As the owners, even offload the collection of Ecuadorean pipelines and oil fields on the Chinese for around U.S. $ 1.2 billion (Stock house, 2008). From the billions they received in the entire deal making, EnCana managed to acquire the right to drill on the land in Western North America, through government auction. Though it was known to the company that this turf was hard to exploit, but it was very rich in hydro-carbon and gas fields. These reserves are hundreds or even thousands of meters below the Earth’s surface (Bloomberg Business week, 2011). Right strategies by the leadership, has helped the company to survive well in the time of crises. For the oil side, they have used different strategy, the minority stake of the company was sold in the Syncrude oil sands, it is the mining operation in Northern Alberta and concentrated more in, in-situ tar sands projects. Now, the business has increased to this extend that these two units of EnCana run as a separate unit (Patch work, 2011). According to the pioneers of EnCana, the road to success was not difficult but an intelligent game. They focused more on the reserves of unconventional type of gas. According to them, EnCana has signed huge checks for the exploration right. These checks were sometimes based on the limited geological knowledge. However, they were convinced that in future they will find unconventional gas there. Since with the passage of time new drilling and fracturing rock methods will be introduced, the gas will move to the surface, will make the unconventional deposits more economic. As the company has spent millions of dollar in such fields now, they do not have to explore more places. This is because some of their reserved fields are so large that, they can produce unconventional gas ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Evaluate the performance of Encana Assignment Example | Topics and Well Written Essays - 1750 words”, n.d.)
Evaluate the performance of Encana Assignment Example | Topics and Well Written Essays - 1750 words. Retrieved from
(Evaluate the Performance of Encana Assignment Example | Topics and Well Written Essays - 1750 Words)
Evaluate the Performance of Encana Assignment Example | Topics and Well Written Essays - 1750 Words.
“Evaluate the Performance of Encana Assignment Example | Topics and Well Written Essays - 1750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Evaluate the performance of Encana

Evaluate the Financial Performance of a Business

...?Evaluate the Financial Performance of a Business Discuss the main financial ments; Business organizations are mainly concerned with financial activities. In order to understand the financial strength and financial status of the business, every enterprise should prepare certain statements known as financial statements. Financial statements give complete information about equity, assets, liabilities, expenses, reserves and profit and loss of a concern. These statements help the management in making right decisions. The following constitute the basic financial statements. Balance sheet Income statement and Cash flow statement. These are the basic statements normally prepared by profit-oriented corporations....
6 Pages(1500 words)Assignment

Be able to evaluate the financial performance of a business

...?Be Able to Evaluate the Financial Performance of a Business PART A: AC 4 Discuss the main financial ments: Different users of financial ments use these for varying purposes: Owners and Managers: They use financial statements to formulate significant business decisions that will affect the company’s operations. Besides they also rely on such financial statements to prepare their annual report to be presented to the board and shareholders. Employees: Employees in a company require these reports to make Collective Bargaining Agreements with management as well as to determine their future incentive negotiations. Prospective Investors: Financial statements are useful instruments to evaluate...
7 Pages(1750 words)Assignment

Methods Used To Evaluate Supply Chain Performance

...?Methods Used To Evaluate Supply Chain Performance Table of contents Methods Used To Evaluate Supply Chain Performance 1.0 Introduction 4 1.2Problem statement 4 1.3 Purpose 5 1.4 Criteria for model evaluation 5 2.0 Research method 6 2.1 methodological perspectives 6 2.2 Research approaches 6 2.4 data collection methods 6 3.0 Theoretical frameworks 7 3.1 supply chain and investment choices 7 3.2 Differences between a value chain and a supply chain 7 3.3 The Cost-Volume-Profit examination 7 3.4 Static methods 8 3.5 Dynamic methods 8 3.6 DuPont model 8 3.6.1 Performance metrics 8 The performance metrics are a method of...
6 Pages(1500 words)Essay

Evaluate the impact Line Managers have on organisational performance'

...? Evaluation of the impact of line managers on organizational performance inserts his/her s name Department’s name Date Contents Contents 2 Introduction 3 Introduction The role of line managers in enhancing staff performance has been unquestioningly highlighted as crucial as they are the ones who ensure execution and implementation of the HR strategies at the ground level. It is, therefore, important to understand how the line managers are influenced by the organizational culture in their capacity to ensure adequate staff performance and how they (the line managers) in turn influence the same. The line manager The line manager has been typically defined as the functional manager or supervisors to whom the employees report directly... (as...
8 Pages(2000 words)Assignment

Evaluate meet the desirable standards. Evaluation Rationale The justification behind evaluation in human resource development can be attributed to instructional provision of empirical data that would be helpful in improving the outcome of the training program. Most organizations expect a better overall performance but this is attached to individual productivity. This explains the need for individual focused training that is likely to help trainees realize their unique and diverse potentials. There will be three general levels of evaluation and the first one will be perception. In this level, the recruits or employees will be initiated to develop sense of training environment...
3 Pages(750 words)Essay


...Introduction In HRM, the employee compensation is intended to align employees with organisational strategy by providing incentives for employees to act in the firm's interest and perform well over time. Expectancy theory carries a clear message that employees must feel confident that their effort will affect the compensations they receive. Perceptions of equity are therefore crucial in an employee's decision to remain and produce valuable work. Equity is a multidimensional construct, embracing external equity (the degree to which a firm pays employees the rate they would find in the external labour market), internal equity (the degree to which a firm differentiates pay between employees on the basis of performance in similar jobs... ), and...
2 Pages(500 words)Essay

Evaluate the advantages and disadvantages of a performance driven strategy

...Evaluate the Advantages & Disadvantages of a Performance Driven Strategy A performance driven strategy is one that concentrates on improving performance so that profits increase and the organization as a whole is more efficient. According to a performance driven strategy a conglomerate is rationalized as it provides a wider base for the organization. There is diversification which provides protection for the investors. All managers have skills which are best utilized in a particular industry; this way having a diverse workforce can even result in better performance as their skills can be utilized in the industry of their competence. Also,...
4 Pages(1000 words)Essay


...Evaluation of my level of participation in My Participation in and the Reasons for Participation For the whole of this semester, I have been one of the students who never missed any of the lessons and I have always given full attention to my lecturer while in class. In my entire academic life, I have always been a serious student often attending my classes early and sitting at the front rows so as to increase my chances of grasping everything the lecturer teaches. This has been very fruitful since it has helped me pass my grades and proceed with my academic life without any deterrence as my whole focus and attention is always on school work. In class, I also make sure that I participate in discussions and in answering...
2 Pages(500 words)Essay

Evaluate the problems and improvement of performance management system implementation

...EVALUATION OF THE PROBLEMS AND IMPROVEMENT OF PERFORMANCE MANAGEMENT SYSTEM IMPLEMENTATION By Location of the Institution: Date: Introduction Performance management is an ongoing process of measuring and managing the employee performance in order to enhance organizational effectiveness (Den Hartog, Boselie and Paauwe 2004). The process is an increasingly prevalent practice in organizations (Aguinis and Pierce 2008). Recent surveys indicate that few employee agree their organization’s performance management system assist in performance improvement. Less than forty percent of workers opined that their...
10 Pages(2500 words)Essay

Evaluate the recent performance of the uk economy

...RECENT U.K. ECONOMY PERFORMANCE Recent U.K. Economy Performance The GDP growth for U.K. was approximately $2522.26 billion in 2013. U.K.’s value of GDP represents about 4.07 percent of the global economy. The current annual GDP growth rate for the U.K. is at 2.40 percent, which is the drop from the previous year at 3.00 percent. The GDP of the United States dropped by 0.70 percent during the initial quarter of 2015 compared to the previous year. Currently, the GDP of the U.S. is worth $16,768.10 billion a rise from $16,163.20 billion the previous year. In France, the country’s GDP has grown by about 0.6 percent during the initial quarter of 2015 compared to the previous year. Currently, the GDP of France...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Evaluate the performance of Encana for FREE!

Contact Us