UPDATE 3-Canada's Encana lays off 200 employees in July amid oil slump

Fri Jul 24, 2015 12:54pm EDT
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* Q2 total production down 10 pct from Q1

* Books $1.33 bln impairment charge

* Shares fall to lowest since 2002

* Says cut 1,400 jobs since 2013 (Adds analyst, CEO comments; updates shares)

By Shubhankar Chakravorty and Amrutha Gayathri

July 24 (Reuters) - Encana Corp, Canada's No.1 natural gas producer, said it had laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices.

Encana's shares fell 10 percent to a 13-year low of C$10.10 after the company reported a bigger-than-expected quarterly loss due to weak production.

The company's U.S.-listed shares fell 10 percent to $7.73, their lowest since December 2002.

Encana cut about 1,200 jobs in 2013 as part of a strategic shift away from low-value natural gas production. The company, which has been increasing oil and natural gas liquids production under Chief Executive Doug Suttles, had 3,129 employees as of Dec. 31.   Continued...