BUZZ-Encana Corp: Bigger-than-expected Q2 loss

Fri Jul 24, 2015 12:07pm EDT
 
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** U.S.-listed shares of Canada's No.1 natural gas producer down 9 pct at $7.79

** Stock falls as much as 10 pct to 12-and-a-half-year low of $7.73

** Toronto-listed shares down 9.6 pct at C$10.14, lowest since July 2002

** Company reports bigger-than-expected Q2 loss as rise in liquids production fails to make up for fall in natural gas output

** Total production fell 10 pct to 389,000 boepd, short of average analyst estimate of 403,000 boepd

** Realized liquids prices fell more than a third in Q2; realized natural gas prices fell 14 pct

** Up to Thursday's close, U.S.-listed stock had fallen more than 38 pct this year