Encana Corp (ECA.TO) said on Thursday it is eyeing a return to the international arena after spending much of the last decade winnowing its widespread oil and gas businesses into a tightly focused North American natural-gas producer. Randy Eresman, chief executive of Canada's largest natural gas producer, said on a conference call that his company is in the early stages of looking abroad for shale gas deposits where it can apply technologies it has honed in North America. But any international investment would have to be sizable enough to have a significant impact on profitability of the company, which on Thursday reported a second-quarter operating profit of $166 million on revenue of $1.99 billion. "We have a real expertise developed in our company," Eresman said. "Before we go to transfer that expertise to other parts of the world it's going to have to be meaningful for us."
EnCana Corporation (EnCana) is a natural gas producing company. Shares of ECA fell by 0.51% or $-0.16/share to $31.39. In the past year, the shares have traded as low as $26.02 and as high as $35.22. On average, 3853490 shares of ECA exchange hands on a given day and today's volume is recorded at 4290188.
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