Encana shares rise after news of PetroChina deal

Thu Dec 13, 2012 1:05pm EST
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Dec 13 (Reuters) - Encana Corp's shares rose as much as 3.3 percent after it signed a C$2.2 billion deal with PetroChina for a nearly half stake in the Canadian company's emerging liquids-rich natural gas prospect in Alberta.

Encana's shares, which were down 1 percent before the announcement, were last trading up 36 Canadian cents at C$20.80. (Reporting by John Tilak; Editing by Gerald E. McCormick)