Comparing the current results to its competitors, Encana reported Revenue increase in the 2 quarter 2019 by 109.05 % year on year, while most of its competitors have experienced contraction in revenues by -6.91 %, achieved in the same quarter.
Encana's Comment on Competitors and Industry Peers
The Company’s competitors include national, integrated and independent oil
and gas companies, as well as oil and gas marketers and other participants in
other industries supplying energy and fuel to industrial, commercial and individual
consumers. All aspects of the oil and gas industry are highly competitive and
Encana actively competes with other companies in the industry, particularly in
the following areas:
Exploration for and development of new sources of natural gas, oil and NGLs
reserves;
Reserves and property acquisitions;
Transportation and marketing of natural gas, oil, NGLs and diluents;
Access to services and equipment to carry out exploration, development and operating
activities; and
Attracting and retaining experienced industry personnel.