Hedging gains boost Encana's operating profit

Thu Feb 14, 2013 6:16am EST
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Feb 14 (Reuters) - Canada's largest natural gas producer Encana Corp posted a 28 percent higher fourth-quarter operating profit as it realized higher prices for natural gas, helped by its hedging program.

Operating income for Canada's largest natural gas producer rose to $296 million, or 40 cents per share, from $232 million, or 31 cents a share, a year earlier. (Reporting by Krithika Krishnamurthy in Bangalore and Scott Haggett in Calgary)