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Has Encana Exorcised Its Demons?

Isac Simon
May 3, 2012

For an exploration and production company, what is the way out in a lousy natural gas market? Move away from natural gas production and focus on liquids instead. That's what Calgary-based Encana (NYSE: ECA  ) did. And it has managed to turn last year's first-quarter loss into profit this time.

Net income for the first quarter stood at $12 million, which is a turnaround from the $361 million l