Encana Corp, Canada’s largest natural gas producer, slashed its 2015 capital budget by a quarter on Wednesday in response to a slump in global crude oil prices. The company joins a slew of other Canadian oil and gas producers, including Suncor Energy and Cenovus Energy , that have cut back spending as benchmark crude prices more than halved since June. Encana said it will spend between $2 billion and $2.2 billion in 2015, down from the original budget of $2.8 billion announced in December. Chief Executive Officer Doug Suttles also said Encana, which since 2013 has been selling off natural gas assets to concentrate spending on regions rich in high-value gas liquids and oil, will look to see if there are further opportunities to trim its portfolio. “We are well prepared to act … The lower points in the commodity cycles […]