BRIEF-Encana posts Q2 operating profit of $0.10/share

Thu Jul 21, 2016 6:22am EDT
 
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July 21 (Reuters) - Encana Corp:

* Encana delivers significant efficiency improvements with strong second quarter results

* Q2 operating earnings per share $0.10

* Q2 loss per share $0.71

* Encana Corp qtrly cash flow per share $0.21

* Expect to use proceeds from announced divestitures to strengthen balance sheet and modestly increase 2016 capital program

* Anticipate additional activity to deliver about 13,000 boe/d of production from core four assets in q4

* Co is increasing 2016 production guidance and expects q4 exit production decline from core four assets to be cut from 10 percent to five percent

* Increasing its 2016 production guidance and expects q4 exit production decline from its core four assets to be cut from 10 percent to five percent   Continued...