Canada dollar goes down, EnCana quarterly loss totaled $ 505 million

EnCana is suffering huge losses

In brief: EnCana could not overcome the problem within Canada. The company said the new statement.

Canada’s largest natural gas producer EnCana said net loss in the second quarter totaled $ 505 million or 68 cents a share, compared with a profit of $ 239 million, or 32 cents a share a year earlier. The production of natural gas reached 3.2 billion cubic feet per day compared with 2.9 billion cubic feet per day a year earlier.

At the same time dollar / Canada once again demonstrated an upward momentum, as the Canadian currency came under pressure as a result of an early easing on the U.S. stock market. On the eve of the Canadian dollar has appreciated markedly against the euro of sales / Canada, which began Tuesday and lasted until last night. Also, the weakening of the Canadian currency was influenced by the fact that crude oil futures lost previously recruited positions. Current dollar / Canadian 1.0426.

Ukrainian Globalist
2010-07-22 00:18, Economics.

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