ZitatEncana Corp (ECA.TO) will shift base to the United States and become Ovintiv Inc, the Canadian oil and gas producer said on Thursday, as Canada faces pipeline capacity shortages that have led many companies to move from the country’s energy sector.
Rivals Royal Dutch Shell (RDSa.AS), ConocoPhillips (COP.N) and Suncor Energy (SU.TO) have either been selling their Canadian assets or have scaled back investments as pipeline space crunch impacts prices.
Encana meanwhile has been adding assets in the United States and had earlier this year bought Texas-based Newfield Exploration Co for $5.5 billion. ...
ZitatEncana Corp (ECA.TO) will shift base to the United States and become Ovintiv Inc, the Canadian oil and gas producer said on Thursday, as Canada faces pipeline capacity shortages that have led many companies to move from the countrys energy sector.
Rivals Royal Dutch Shell (RDSa.AS), ConocoPhillips (COP.N) and Suncor Energy (SU.TO) have either been selling their Canadian assets or have scaled back investments as pipeline space crunch impacts prices.
Encana meanwhile has been adding assets in the United States and had earlier this year bought Texas-based Newfield Exploration Co for $5.5 billion. ...