More on Encana's (ECA) Q3 results: Much of its $1.24B net loss is explained by a $1.19B...

|About: Encana Corporation (ECA)|By:, SA News Editor

More on Encana's (ECA) Q3 results: Much of its $1.24B net loss is explained by a $1.19B impairment charge related to low natural gas prices. Production averaged 2.9B cf/day, down 14% Y/Y, due partly to voluntary capacity reductions. Says decade-low natural gas prices led to shut in or curtailment of ~500M cf/day of production. ECA +0.7% premarket.