| Canada's Encana posts quarterly loss due to $1.3 bln charge | |
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July 24 (Reuters) - Encana Corp , Canada's largest natural gas producer, posted a second-quarter loss, compared with a year-ago profit, hurt by an impairment charge of about $1.3 billion. The Calgary-based company reported a net loss of $1.61 billion for the quarter ended June 30, compared with a year-ago profit of $271 million. Encana's operating loss, which excludes most one-time items, was $167 million, or 20 cents per share, compared with a profit of $171 million, or 23 cents a year earlier. The loss was partly due to increased production while oil and gas prices remained weak. (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Savio D'Souza)
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Encana Corporation
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EXPLORATION STAGE |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Encana is a oil and natural gas producing company based in Canada. Encana holds various exploration projects in Canada. Its main exploration property is BUFFALO HILLS in Canada. Encana is listed in Canada and in Germany. Its market capitalisation is CA$ 4.8 billions as of today (US$ 3.7 billions, € 3.3 billions). Its stock quote reached its highest recent level on November 23, 2018 at CA$ 9.99, and its lowest recent point on January 24, 2020 at CA$ 4.96. Encana has 973 120 000 shares outstanding. |