January 4, 2017 / 3:48 PM / in a year

BUZZ-Encana Corp: Expects 2017 margins to top previous forecast

(Updates)

** Oil and natural gas producer’s U.S-listed shares up as much as 6.5 pct at $12.71, stock’s biggest intraday pct gain in over a month

** Company expects margins in 2017 to exceed its previous target on lower costs and an expected rise in output in H2

** Company’s Canada-listed shares up 4.7 pct at C$16.82

** Encana is scheduled to report Q4 results and 2017 budget on Feb. 16

** Both U.S. and Canadian shares of Encana had risen about 124 pct in 2016

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