CALGARY, Alberta (Bloomberg) -- Facing a 30% slide in the price of crude in the past five months, Encana Corp. CEO Doug Suttles still has his foot on the accelerator. The gas giant capped a year of asset sales and purchases worth more than $14 billion to focus more on crude, just as oil fell into a slump. Suttles remains confident in the shift and plans to expand drilling to capitalize on properties that promise higher returns, even after crude prices declined from a high in June of about $107/bbl to around $75.
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Encana doubling Texas rigs unfazed by oil drop
![Encana doubling Texas rigs unfazed by oil drop]()
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