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Encana posts smaller quarterly loss as costs fall

Published 2016-05-03, 06:06 a/m
© Reuters.  Encana posts smaller quarterly loss as costs fall
OVV
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May 3 (Reuters) - Canadian oil and gas producer Encana Corp
ECA.TO ECA.N posted a smaller quarterly loss as cost cuts
paid off.
The company's net loss decreased to $379 million in the
first quarter ended March 31 from $1.71 billion a year earlier.
On a per-share basis, Encana posted an operating loss, which
excludes most one-time items, of 15 cents, compared with a
profit of 3 cents a year earlier.

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