Encana Reports First Quarter Operating Loss of 25 Percent

The Financial Post reported that Encana announced a first quarter drop in operating profits of 25 percent, mostly due to hedging losses.

As quoted in the Financial Post report

Encana’s net operating income, which excludes most one-time items, fell to $179 million, or 24 cents per share, in the first quarter, from $240 million, or 33 cents per share, a year earlier.

To view the whole Financial Post report, click here.