BUZZ-Encana Corp: Cuts 2016 dividend, capex
** Canadian oil and natural gas producer's U.S.-listed shares down 4.8 pct at $5.75 premarket
** Company cuts dividend by about 79 pct and 2016 capital budget by 27 pct in response to steep fall in oil prices
** Encana says it expects to spend $1.5 bln-$1.7 bln in 2016, compared with $2.2 bln this year, and cuts its annual dividend to 6 cents per share from 28 cents in 2015
** Company also says it expects to produce average 340,000-370,000 barrels of oil equivalent per day (boepd) next year, down from 395,000-430,000 boepd expected for 2015
** Up to Friday's close, stock had more than halved in value this year
© Thomson Reuters 2016 All rights reserved.