Deals
Encana Shares Rise on PetroChina Gas Asset Bid
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Encana Corp., Canada’s biggest natural gas producer, rose the most in 14 months after PetroChina Co. agreed to buy a 50 percent stake in gas assets in western Canada for C$5.44 billion ($5.46 billion).
Encana, based in Calgary, gained C$1.32, or 4.3 percent, to C$32.15 on the Toronto Stock Exchange at 4:00 p.m. Shares earlier rose as much as 7.6 percent, the most since Dec. 14,