UPDATE 1-Encana Corp not for sale, says interim CEO

Mon Jan 14, 2013 8:51pm EST
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* CEO departure not a sign company is on the block

* Interim-CEO says Eresman had expressed fatigue

* Executive search to take 3-6 months

* Shares fall 2.3 pct

By Scott Haggett

CALGARY, Alberta, Jan 14 (Reuters) - Encana Corp, Canada's largest natural gas producer, quashed speculation on Monday that the company may be up for sale following the unexpected retirement of its chief executive.

The appointment of an interim CEO, Encana director Clayton Woitas, was seen by some analysts as a signal that the company could be put on the market.

Encana has massive natural-gas reserves from conventional and shale-gas fields which could attract international oil companies, but Woitas said the departure of Randy Eresman announced late on Friday was not a sign that the board would seek a buyer for the company.

"Encana is not up for sale," Woitas said in an interview.   Continued...