BRIEF-Encana Q1 operating loss of $0.15 per share

Tue May 3, 2016 6:18am EDT
 
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May 3 (Reuters) - Encana Corporation

* Company on track to meet or beat 2016 guidance announced in february

* On track to deliver $550 million in year-over-year cost savings

* Encana corporation qtrly total production of 383,400 barrels of oil equivalent per day (boe/d)

* Encana corporation qtrly core four assets contributed 269,100 boe/d, or 70 percent of total production

* Q1 operating loss of $0.15 per share

* Company is on track to deliver $550 million in year-over-year cost efficiencies in 2016

* As at april 26, 2016, co hedged about 75 percent of expected 2016 oil and condensate production and 85 percent of expected natural gas production

* On may 2, 2016, board declared a dividend of $0.015 per share payable on june 30, 2016   Continued...