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NATCAN INVESTMENT MANAGEMENT INC
> ECA
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2012 | ENCANA CORP | ECA | 1,502,164 | 679,434 | 29,454,000 | 14,172,000 | $19.61 |
| 12/31/2011 | ENCANA CORP | ECA | 822,730 | 10,600 | 15,282,000 | -485,000 | $18.57 |
| 09/30/2011 | ENCANA CORP | ECA | 812,130 | -814,404 | 15,767,000 | -34,464,000 | $19.41 |
| 06/30/2011 | ENCANA CORP | ECA | 1,626,534 | -20,602 | 50,231,000 | -6,600,000 | $30.88 |
| 03/31/2011 | ENCANA CORP | ECA | 1,647,136 | -82,531 | 56,831,000 | 6,242,000 | $34.50 |
| 12/31/2010 | ENCANA CORP | ECA | 1,729,667 | -621,049 | 50,589,000 | -20,380,000 | $29.25 |
| 09/30/2010 | ENCANA CORP | ECA | 2,350,716 | -960,281 | 70,969,000 | -29,678,000 | $30.19 |
| 06/30/2010 | ENCANA CORP | ECA | 3,310,997 | -262,461 | 100,647,000 | -10,540,000 | $30.40 |
| 03/31/2010 | ENCANA CORP | ECA | 3,573,458 | 26,216 | 111,187,000 | -4,422,000 | $31.11 |
| 12/31/2009 | ENCANA CORP | ECA | 3,547,242 | 372,191 | 115,609,000 | -67,988,000 | $32.59 |
| 09/30/2009 | ENCANA CORP | ECA | 3,175,051 | 28,444 | 183,597,000 | 27,498,000 | $57.82 |
| 06/30/2009 | ENCANA CORP | ECA | 3,146,607 | -403,570 | 156,099,000 | -27,090,000 | $49.61 |
| 03/31/2009 | ENCANA CORP | ECA | 3,550,177 | 91,881 | 183,189,000 | -6,810,000 | $51.60 |
| 12/31/2008 | ENCANA CORP | ECA | 3,458,296 | -274,036 | 189,999,000 | -63,650,000 | $54.94 |
| 09/30/2008 | ENCANA CORP | ECA | 3,732,332 | 3,732,332 | 253,649,000 | 253,649,000 | $67.96 |
| 06/30/2008 | ENCANA CORP | ECA | 4,802,944 | -1,596,700 | 448,403,000 | -52,049,000 | $93.36 |
| 03/31/2008 | ENCANA CORP | ECA | 6,399,644 | 193,500 | 500,452,000 | 81,537,000 | $78.20 |
| 12/31/2007 | ENCANA CORP | ECA | 6,206,144 | 656,500 | 418,915,000 | 77,612,000 | $67.50 |
| 09/30/2007 | ENCANA CORP | ECA | 5,549,644 | 5,549,644 | 341,303,000 | 341,303,000 | $61.50 |
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