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Encana to Establish Corporate Domicile in US

Gasoil News - Published on Tue, 05 Nov 2019

Image Source: maritimesenergy.
Encana Corporation announced its intention to establish corporate domicile in the United States. The move, which requires shareholder, stock exchange and court approval, is expected to occur in early 2020. As part of this process, the new company will rebrand under the name Ovintiv Inc.

Ovintiv will be uniquely positioned to be a leader in the E&P industry, which is at the cusp of transformation today. The Company is generating significant free cash flow, returning cash to its shareholders and generating industry-competitive liquids growth from its multi-basin portfolio of assets. It is this unique combination that the Company believes will ultimately be differentiated by the market.

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Posted By : Ratan Singh on Tue, 05 Nov 2019
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