BUZZ-Encana Corp: Sells natgas assets for $850 mln, analyst calls deal "positive"
** Canadian energy company's shares up 8.54 pct at C$8.39, among top gainers on the S&P/TSX energy index
** Encana's U.S.-listed shares up 8.7 pct at $6.34
** Encana says to sell its Haynesville, northern Louisiana natural gas assets for $850 mln as part of broader plan to sell its natgas holding to focus on oil
** "Given the current commodity environment we continue to believe that today's transaction is a positive one for Encana," AltaCorp Capital analysts say
** 6 of 14 brokerages covering Encana rate the stock "buy" or higher and 8 "hold"; their median PT is $12
** S&P/TSX energy index is up 3.6 pct Tuesday after four days of losses, mirroring the move in Brent prices ; U.S. crude was up 2.5 pct and Brent crude up 1.8 pct
** Through Monday, Encana had fallen about 52 pct this year vs a 25.2 pct drop in Brent prices and an 8 pct decline in natgas prices
© Thomson Reuters 2017 All rights reserved.