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Encana posts US$1.7-billion loss amid writedowns, lower prices for oil and gas

2015-05-12 14:47:14| Oil & Gas - Topix.net

Encana Corp. had a US$1.7-billion net loss in the first quarter and a 98 per cent drop in operating earnings as it felt the impact of lower oil and gas prices. Excluding those and other items, Encana had $9 million of operating earnings, which was better than analyst estimates but down from $515 million a year earlier.

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Category:Energy and Environment

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