Encana Improves Loss in Q4, Finishes 2012 Ahead of Guidance


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EnCana Corporation ( ECA ) reported fourth quarter 2012 net loss of $80 million, an improvement from a net loss of $476 million in the same period last year. It ended the year 2012 with $3.2 billion in cash and cash equivalents, far exceeding the $2.5 billion targeted in 2012.

Average natural gas production volumes for the full year were 3.0 Bcf/d, and average liquids production volumes were 31,000 bbls/d, meeting the company's 2012 guidance.

For the year 2013, the company expects oil and natural gas liquids production to be between 50,000 to 60,000 bbls/d.

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This article appears in: Investing , Commodities

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