ECA - Encana Corporation

NYSE - NYSE Delayed Price. Currency in USD
4.5100
-0.0800 (-1.74%)
At close: 4:03PM EST

4.5100 0.00 (0.00%)
After hours: 5:26PM EST

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Trade prices are not sourced from all markets
Previous Close4.5900
Open4.6300
Bid4.5200 x 27000
Ask4.5300 x 38500
Day's Range4.5000 - 4.6700
52 Week Range3.8100 - 8.5300
Volume14,659,037
Avg. Volume24,248,538
Market Cap5.876B
Beta (3Y Monthly)3.49
PE Ratio (TTM)4.36
EPS (TTM)1.0350
Earnings DateN/A
Forward Dividend & Yield0.07 (1.63%)
Ex-Dividend Date2019-12-12
1y Target Est7.08
  • Encana (TSX:ECA) Stock’s U.S. Move: Is it Time to Buy Now at $6?
    The Motley Fool

    Encana (TSX:ECA) Stock’s U.S. Move: Is it Time to Buy Now at $6?

    Should investors be bullish on Encana Corp (TSX:ECA)(NYSE:ECA) as it shakes things up internally?

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,882.83, up 5.41 points.)Encana Corp. (TSX:ECA). Energy. Down 31 cents, or 4.84 per cent, to $6.09 on 7.2 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 39 cents, or 0.79 per cent, to $49.94 on 5.7 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 25 cents, or 4.97 per cent, to $4.78 on 4.1 million shares.B2Gold Corp. (TSX:BTO). Materials. Up one cent, or 0.22 per cent, to $4.53 on 4 million shares.Kinross Gold Corp. (TSX:K). Materials. Down five cents, or 0.91 per cent, to $5.47 on 3.7 million shares.Peyto Explorations & Development Corp. (TSX:PEY). Energy. Up one cent, or 0.32 per cent, to $3.10 on 3.6 million shares. Companies in the news:Premium Brands Holdings Corp. (TSX:PBH). Down $5.08 or 5.8 per cent to $81.83. Shares in specialty foods producer Premium Brands Holdings Corp. dropped by as much as 10 per cent Monday after it reported earnings fell in the third quarter due to indirect fallout from the African swine fever outbreak in China. The company says prices for specialty pork products it imports from Europe spiked because China is importing much more pork, while prices for meat products in the U.S. and Canada didn't rise because China had placed restrictions on imports from the two countries. Premium Brands says the "unprecedented dichotomy" reduced its margins, resulting in earnings of $26.9 million or 72 cents per share for the 13 weeks ending Sept. 28, down from $36.1 million or $1.09 per share a year earlier.Great Panther Mining Ltd. (TSX:GPR). Up two cents or three per cent to 68 cents. Vancouver-based Great Panther Mining Ltd. says a contractor's employee was killed at its San Ignacio underground mine in Mexico. The intermediate gold and silver mining company says the fatality occurred Friday afternoon during an isolated rock fall at the mine, which is part of its Guanajuato Mine Complex. It says the employee's family and government authorities have been notified and an investigation has been initiated to determine the cause. Great Panther says operations in the area of the incident have been temporarily suspended but the rest of the mine is unaffected.OpenText Corp. (TSX:OTEX). Up $1.30 or 2.4 per cent to $56.27. OpenText Corp. shares surged Monday after the company announced a US$1.42-billion deal to acquire Carbonite Inc. to strengthen its offerings in the highly competitive cloud-based software sector. The acquisition will be the ninth cloud-focused acquisition for Waterloo, Ont.-based OpenText, said company CEO Mark Barrenechea on a conference call Monday. Boston-based Carbonite brings a focus of cloud-based subscription data protection, backup, disaster recovery, and end-point security for a variety of customers. The acquisition will strengthen Open Text's security offerings for its cloud platforms, said Barrenechea.Semafo Inc. (TSX:SMF). Down 53 cents or 16.8 per cent to $2.63. Quebec gold producer Semafo has suspended the activities of its Boungou mine in Burkina Faso in the wake of a rising death toll from an attack last week on a road leading to the facilities. While it began transporting people from the site over the weekend, the company said 39 people were now dead from when a five-bus convoy escorted by military fell in an ambush last Wednesday. A total of 241 employees, contractors and suppliers were in the convey during the attack. At least 60 others were injured, one person was missing, and 141 people were found safe. This report by The Canadian Press was first published Nov. 11, 2019.The Canadian Press

  • Encana reveals Denver will be its new headquarters after leaving Calgary
    The Canadian Press

    Encana reveals Denver will be its new headquarters after leaving Calgary

    CALGARY — Encana Corp. says its new head office will be in Denver following a reorganization that will include changing its name to Ovintiv.The Calgary-based company didn't say which city would be its home base when it announced last week it would establish a "corporate domicile" in the United States to replace its longstanding home in Calgary.The Denver decision, revealed in a corporate filing on Thursday, was expected because CEO Doug Suttles, a Texan, lives in Denver and it is the headquarters for the company's U.S. operations.Suttles has said the change in corporate home is meant to help the company tap into a deeper pools of U.S. passive investor capital.But one of Encana's founders, Gwyn Morgan, has said the move south and name change are signs Canada's energy industry has gone from being viewed as "positive to pariah."The new name, the new corporate headquarters and a plan to consolidate Encana's shares are to go to a shareholder vote early next year.This report by The Canadian Press was first published Nov. 7, 2019.Companies in this story: (TSX:ECA)The Canadian Press

  • Encana (ECA) Q3 Earnings and Revenues Beat on Output Growth
    Zacks

    Encana (ECA) Q3 Earnings and Revenues Beat on Output Growth

    Higher production from Encana's (ECA) core assets of Permian, Anadarko and Montney Basins drives the company's year-over-year results to excellence.

  • Canada Pension Giant Interested in Energy Sector, Not Aramco IPO
    Bloomberg

    Canada Pension Giant Interested in Energy Sector, Not Aramco IPO

    (Bloomberg) -- The Canada Pension Plan Investment Board isn’t shying away from investing in Canada’s beleaguered energy sector, though it’s passing on Saudi Aramco’s massive stock sale.“We will look at traditional oil and gas, whether it’s pipelines or other resources,” in addition to renewables, Mark Machin, chief executive officer of Canada’s biggest pension fund said in an interview with BNN Bloomberg in Toronto. “As long as we can understand all the risks behind the investment, that the regulation may change, that preference may change, that geography may change. If we can understand those and can still be compensated sufficiently, then we’ll continue to make that investment.”The gloom hanging over the Canadian energy industry was intensified after Encana Corp. -- one of its marquee companies that was born out of the 19th-century railway boom -- announced plans to move its headquarters to the U.S. and drop the link to Canada from its name. The sector has suffered from a lack of pipeline space that has choked off prospects for growth, prompting foreign companies to ditch more than $30 billion of assets in the past three years.While Machin acknowledged climate change is a “multi-faceted” and “very complicated” risk, he highlighted that his mandate is to maximize returns without undue risk of loss.“It’s important as an investor that we understand all of those risks and how fast the energy transition is going to happen,” he said. “When we look at every investment, we understand all the risks that climate change could present to that investment. We are able to understand the risks in a more granular way now because of some of the tools and the disclosure practices that have really improved.”Machin, whose fund manages more than C$400 billion ($305 billion) in assets, said Saudi Aramco’s jumbo IPO isn’t on his radar because the company is not in a strategic geographic market for the fund.“We understand what the company has to say,” Machin said. “But when we look at emerging markets, we’re very focused on the emerging markets that we invest in. We are not invested in the Middle East. We want to invest in markets where we’re going to do a lot of different things, infrastructure and real estate and public markets and private markets and credit and equity.”To contact the reporter on this story: Paula Sambo in Toronto at psambo@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Encana (ECA) Catches Eye: Stock Jumps 5.9%
    Zacks

    Encana (ECA) Catches Eye: Stock Jumps 5.9%

    Encana (ECA) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

  • 3 Fresh Bargain Stocks Hitting New 52-Week Lows
    The Motley Fool

    3 Fresh Bargain Stocks Hitting New 52-Week Lows

    Hunting for a bargain? This group of beaten-down stocks, including Encana (TSX:ECA)(NYSE:ECA), might provide the value you're looking for.

  • Energy is Canada's 'family business,' benefiting all Canadians: CIBC CEO
    The Canadian Press

    Energy is Canada's 'family business,' benefiting all Canadians: CIBC CEO

    CIBC's chief executive Victor Dodig rallied support for Canada's energy sector, saying it's the country's "family business" and that the shortage of pipeline capacity represents a "critical threat" to our economy.He added during his comments during a speech in Calgary that the Trans Mountain pipeline expansion project must be done without further debate in parliament or cabinet, as it is "unambiguously in the national interest.""We all know it, the importance of building the Trans Mountain pipeline and getting it back into private hands cannot be overstated, ideally with the Indigenous communities playing an important role in the ownership structure."Dodig added in his comments at the Economic Club of Canada on Friday that Canada not only needs to maintain its position as a leader in "responsible energy development," but grow it for "the benefit of Alberta and all Canadians."His comments come one day after Encana Corp. announced it was moving its corporate headquarters from Calgary to the U.S. and changing its name to Ovintiv Inc.Dodig said Encana's announcement "underscores the urgency" for action."We need to now start bringing head offices back to Canada," said Dodig. "It's a great place to work and live, and we need to convince people of this... We just need to get that message out."He added that Canada needs to build a modern, regulatory framework that allows projects to be built "in good time."Dodig also said the country must play a role in addressing climate change, suggesting a tailored tax credit that would encourage both carbon capture and sequestration, similar to a measure that already exists in the U.S.Canada's current commitment under the Paris climate change accord is to cut emissions to 513 million tonnes annually, but the most recent measurements show in 2017 emissions were 716 million tonnes, with the Alberta oilsands accounting for about 70 million tonnes.To meet the United Nations targets, Canada would have to get to closer to 385 million tonnes.The National Energy Board in 2016 said the production of another 590,000 barrels of oil, which would maximize the twinned pipeline's capacity, could generate 14-17 million more tonnes of greenhouse gases each year. That production could happen with or without the expansion, the board noted.This report by The Canadian Press was first published Nov. 1, 2019.Companies in this story: (TSX:ECA)Armina Ligaya, The Canadian Press

  • A Rare Bullish Bounce In Oil Markets
    Oilprice.com

    A Rare Bullish Bounce In Oil Markets

    Oil markets received a rare bullish bounce on Friday morning as the rig count fell once again and China released some positive manufacturing data, but the overall trend in markets remains decidedly bearish

  • Bloomberg

    CIBC Throws Support Behind Canada’s Struggling Energy Patch

    (Bloomberg) -- The head of a Bay Street bank threw his support behind Canada’s beleaguered energy industry, saying the country serves neither itself, nor the planet, by undermining its ability to get its “responsibly” produced oil and gas to market.The comments from Victor Dodig, chief executive officer of Canadian Imperial Bank of Commerce, come one day after Encana Corp. announced it was moving its headquarters to the U.S. and changing its name to Ovintiv. It was the latest blow for industry that has seen foreign companies dump more than $30 billion in assets in the past three years amid a price slump, pipeline bottlenecks and growing distaste for the oil sands, criticized by some as among the most carbon intensive.“I know that some financial institutions are turning away from traditional energy markets,” Dodig said Friday, according to an advance copy of his speech in Calgary, where CIBC was the first bank to open a branch more than 100 years ago. “We know your industry, your business, and will be there to help address the challenges and opportunities that lay ahead.”Canada is already a leader in responsible energy development, said Dodig -- citing Suncor Energy Inc.’s co-generation project, which will lower greenhouse gas emissions by 25%, and Canadian Natural Resources Ltd.’s carbon capture system, which is making it a world leader in sequestration.But the industry and the country needs to do more to tackle climate change, he said, suggesting new financing and tax measures from the federal government to help it get there. These could include a tailored tax credit to encourage more carbon capture and sequestration, noting a similar tax credit exists in the U.S.Dodig called on “true leadership” from government, industry and stakeholders to expand Canada’s energy markets while making the transition to cleaner energy. The importance of building the Trans Mountain Expansion and getting it back in private hands “cannot be overstated,” he said.“We are caught up in regulation -- instead of delivering results and demonstrating Canada’s environmental and technological leadership,” Dodig said in the text of his speech. “And because of this, Alberta is hurting.”The announcement from Encana only underscores the urgency to take action, he added.“If we as a country want to attract international investment, if we want our homegrown energy companies to make the most of their potential, if we want to compete in the world and win, then we must build a modern regulatory framework,” he said.To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, ;Michael J. Moore at mmoore55@bloomberg.net, Jacqueline Thorpe, Kevin OrlandFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Canada Less Friendly to Oil Than the U.S.?
    The Motley Fool

    Is Canada Less Friendly to Oil Than the U.S.?

    Encana (TSX:ECA)(NYSE:ECA) has confirmed that the company intends to shift its incorporation over to the United States from Canada to attract passive investors.

  • Encana’s ‘Symbolic’ Move May Hurt Stake Sale in Iconic Bow Tower
    Bloomberg

    Encana’s ‘Symbolic’ Move May Hurt Stake Sale in Iconic Bow Tower

    (Bloomberg) -- The odds of H&R Real Estate Investment Trust selling a stake in its wholly-owned iconic Calgary tower has dropped after Encana Corp. announced plans to move its headquarters to the U.S, according to BMO Capital Markets.‘The Bow’ tower, located in Canada’s corporate energy hub in downtown Calgary, houses the oil & gas driller as its largest tenant. Uncertainty surrounding Encana’s commitment to Calgary with its plans to move its headquarters stateside means “it is less likely that H&R will be able to sell a partial interest in The Bow at a value that management would find agreeable,” BMO analyst Jenny Ma said in an Oct. 31 report.Read more: Another Energy Player Drops ‘Canada’ From Name Amid ExodusEncana represents 11.9% of H&R’s rental income and its lease obligations expire in 2038, according to the REIT’s presentation as of June 30. Cenovus Energy, which was spun out of Encana, has a sublet of 27 floors. Pipeline giant TC Energy Corp., also located in downtown Calgary, generates 1.9% of H&R’s rental income.H&R’s Chief Executive Officer Thomas Hofstedter said during its second-quarter earnings call in August (and before Encana’s announcement Thursday) that it was still considering the possibility of a partial sale of The Bow, and hopes to get clarity “before the year is out if we can actually execute on our plan.”H&R’s management “confirmed that Encana must maintain its lease obligations through to the end of the term,” BMO’s Ma said, and re-domiciling is more of “symbolic blow to Calgary” and the city’s office market. The office vacancy rate in Calgary was 24.3% as of Sept. 30, as both the downtown (26.6% vacancy rate) and suburban areas (20.6%) are hurting, BMO added.To contact the reporter on this story: Michael Bellusci in Toronto at mbellusci2@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Divya Balji, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Encana's Canadian exit could have 'unintended consequences': CIBC
    Yahoo Finance Canada

    Encana's Canadian exit could have 'unintended consequences': CIBC

    Encana has justified its plans to wipe away its Canadian identity and shift its headquarters to the United States with expectations for better access to stateside investment.

  • Bloomberg

    ‘Canada’ Is Becoming a Dirty Word in the Oil Patch

    (Bloomberg) -- Canada’s beleaguered energy sector suffered another morale blow as Encana Corp. -- one of its marquee companies that was born out of the 19th-century railway boom -- announced plans to move its headquarters to the U.S. and drop the link to Canada from its name.The Calgary-based company said Thursday that it will establish a corporate domicile in the U.S. early next year, pending various approvals, and rebrand under the name Ovintiv Inc. The shares fell as much as 9.3% in Toronto, the biggest drop in a year.The move is likely to intensify the gloom already hanging over the Canadian energy industry, which has suffered from a lack of pipeline space that has choked off prospects for growth, prompting foreign companies to ditch more than $30 billion of assets in the past three years. Encana joins pipeline owner TransCanada Corp., which changed its name to TC Energy Corp. earlier this year.“Canada is no longer viewed as a world-class destination for capital, both generally and specifically for oil and gas,” Mac Van Wielingen, founder and partner of ARC Financial Corp., a Calgary-based private equity firm focused on the Canadian energy industry, said in an interview. “There’s a whole combination of factors at work that are really working against Canada.”Investor confidence in the sector has been eroded by the cancellation of the Northern Gateway crude oil pipeline in 2016 as well as new laws passed in recent years that may make it harder to build new energy infrastructure projects and which ban some shipments of crude from Canada’s Pacific Coast, Wielingen said. In recent years, ConocoPhillips, Royal Dutch Shell Plc and Marathon Oil Corp. have sold major Canadian assets and redeployed the proceeds in other countries.For Encana, the move is a logical shift since Doug Suttles, a Texan, took over as chief executive officer in 2013. Suttles soon set about selling Canadian assets and building a major position in the U.S. through the purchase of Permian driller Athlon Energy and the acquisition of Freeport-McMoRan Inc.’s Eagle Ford shale assets. The company moved into the Scoop and Stack shale fields in Oklahoma, the Bakken region of North Dakota and the Uinta play in Utah with its purchase of Newfield Exploration, which closed in February.Encana now gets about 80% of its production from U.S. plays and invests a roughly equal portion of its capital spending in them.Suttles himself has already left Canada, moving to Denver in March of last year. In November he said he envisioned Encana as a “headquarterless” company. Last quarter, he lamented on the company’s earnings conference call that Encana shares hadn’t yet achieved the valuation worthy of a “premium” exploration and development company.Encana said Thursday the U.S. move will expose it to larger pools of investment including American index funds and passively managed accounts, and better align the company with U.S. peers. Less than 10% of Encana’s stock is owned by passive accounts, less than the 30% average for its U.S. peers, executives said on a conference call Thursday.Suttles said no job cuts are planned and there won’t be any decrease in Canadian investment.Encana’s “exciting and engaging” new name isn’t meant to denigrate Canada or its policies and politics, he added, and that the recent federal election, in which the pro-energy Conservative Party failed to unseat Prime Minister Justin Trudeau, wasn’t a factor in the move.“We don’t want people to see this as some negative reflection on Canada,” Suttles said in an interview with BNN Bloomberg television.Encana traces its Canadian roots back to the late 1800s, when the Canadian Pacific Railway accidentally discovered natural gas while drilling a water well for workers. The company was eventually spun out from Canadian Pacific and took the name EnCana in 2002. Encana then spun off its oil sands business into Cenovus Energy Inc. in 2009.Both stocks have underperformed since then, with Encana down about 78% including dividends, while Cenovus has dropped 48%. Canada’s benchmark stock gauge has doubled in the same period.As part of the corporate shift, shareholders will get one common share of Ovintiv for every five shares of Encana. The move needs the support of two-thirds of votes cast at a shareholders meeting early next year.Separately, Encana reported third-quarter adjusted operating earnings that were in line with estimates. The company raised its 2019 production outlook while maintaining its capital spending guidance, and said Permian output rose to a quarterly record while Anadarko production climbed 13% from a year earlier.ARC’s Van Wielingen declined to speculate on whether other companies may follow Encana’s lead and decamp from Canada, but noted that investors already are asking the country’s remaining large producers some tough questions.“Some of the ones that are left are under a lot of pressure, trying to justify their existence to their shareholders and their commitment to Canada,” Van Wielingen said.(Updates with ARC founder’s comments in fourth paragraph.)To contact the reporter on this story: Kevin Orland in Calgary at korland@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Carlos Caminada, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Encana (ECA) Q3 Earnings and Revenues Surpass Estimates
    Zacks

    Encana (ECA) Q3 Earnings and Revenues Surpass Estimates

    Encana (ECA) delivered earnings and revenue surprises of 7.14% and 9.91%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Encana headquarters move to U.S. part of oilpatch 'tragedy,' says Cenovus CEO
    The Canadian Press

    Encana headquarters move to U.S. part of oilpatch 'tragedy,' says Cenovus CEO

    CALGARY — A decision by Encana Corp. to move its corporate headquarters to the U.S. to gain access to needed investment is part of an ongoing story that's a "tragedy for Canada," says the CEO of oilsands producer Cenovus Energy Inc.Alex Pourbaix said the move announced Thursday is similar to announcements by some drilling companies to move rigs south of the border to pursue more active oilfields, and the exodus of foreign companies over the past few years from the oilsands."I think this is a tragedy for Canada," he said on a conference call to discuss quarterly results, adding foreign companies have taken billions of dollars with them as they left the Canadian oilpatch."Over the past five or six years, we have generally seen an exodus of investment, both by international companies and, frankly, Canadian companies, into this country and it's an element of our competitiveness, our regulatory world that we're in right now."Encana was once the largest company by market capitalization in Canada, he pointed out. Cenovus was created as a spinout from the company in 2009.Encana, which is also changing its name to Ovintiv Inc., said Thursday having a U.S. address will expose it to increasingly larger pools of investment in U.S. index funds and passively managed accounts.On a conference call, CEO Doug Suttles insisted the name and "corporate domicile" changes will not affect any Canadian staff, result in any layoffs or divert investment strategies in oil and gas formations in Alberta and B.C."Make no mistake, we have a long and proud history in Canada and our assets here are world class," he said."Our returns in Canada continue to be every bit as strong as the rest of our portfolio. We will continue to make profitable investments in the Montney and the Duvernay and manage these assets out of the Calgary office. We do not expect any impact on our Canadian workforce, either in the office or the field."Encana's Canadian address means it isn't included in stock market indexes with its U.S. peers and therefore doesn't attract dollars from growing ranks of passive investors, said chief financial officer Corey Code on the call."We estimate today that less than 10 per cent of our ownership is comprised of passive accounts, far less than the 30 per cent average for our U.S. peers," he said.Analysts said the move is not surprising given Encana's increased focus on oil and natural gas liquids plays in the United States over the past decade, culminating in its US$5.5 billion all-shares acquisition of U.S. rival Newfield Exploration Co. announced a year ago."I am not surprised at all by the move," said Jennifer Rowland, a U.S.-based analyst with Edward Jones."Post the Newfield deal, 60 per cent of Encana's production is in the U.S. and two of its key growth drivers are in the U.S. ... Plus CEO Suttles doesn't live in Canada; he lives in Denver."Alberta Energy Minister Sonya Savage said she is "troubled" by the Encana news but doesn't think other companies are considering the same move."It's not a surprise, Encana's announcement, because they actually signalled it back in 2018 and they've actually been working towards this (since) 2015," she told reporters."They've been moving their staff and their capital down to the United States. This has been happening for three years. So this is very specific to Encana."'Analyst Phil Skolnick of Eight Capital Research said the headquarters move is bound to lead to speculation about a sale of Canadian operations."It will beg the question of whether or not ECA will eventually sell or spin out its Canadian assets. We believe in this current market, this is not in the works," he said in a report.The company's shares sank on the news, falling 37 cents, or 6.7 per cent, to close at $5.16 in Thursday trading on the Toronto Stock Exchange.Encana can trace its roots to the Canadian Pacific Railway, which was granted subsurface mineral rights by the government of Sir John A. Macdonald, Canada's first prime minister, as compensation for assuming the risk of developing the railroad. These rights were later inherited by Encana's predecessors.Previous iterations of the company included Pan Canadian Petroleum Ltd., formed in 1971, which merged with Alberta Energy Corp. to form EnCana in 2002. EnCana was split into natural gas-weighted Encana and oil company Cenovus in 2009.Encana was the largest gas producer in Canada for several years — Suttles said the name change is in part designed to cast off the association with natural gas, a commodity whose overproduction in North America has led to depressed prices for years.The rebranding is reminiscent of TransCanada Corp.'s move to officially drop the "Canada" from its name last May, renaming itself TC Energy Corp., a name it said better speaks to the breadth of its pipeline, power generation and energy storage businesses and its operations in Canada, the U.S. and Mexico.Encana also plans a share consolidation that will see shareholders receive one share of Ovintiv for every five common shares of Encana. It says it will continue to trade on both the Toronto and New York stock exchanges.The company says its plan, which requires shareholder, stock exchange and court approval, is expected to take effect early next year. It says it doesn't expect any significant cost.With a file from Lauren Krugel in CalgaryThis report by The Canadian Press was first published Oct. 31, 2019.Companies in this story: (TSX:ECA, TSX:TRP, TSX:CVE)Dan Healing, The Canadian Press

  • CNW Group

    Encana to Establish Corporate Domicile in the U.S.

    CALGARY, Oct. 31, 2019 /CNW/ - Encana Corporation (NYSE, TSX: ECA) today 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. Additional information will be available on the Company's third quarter 2019 financial and operating results conference call, scheduled for today at 7 a.m. MT (9 a.m. ET).

  • CNW Group

    Encana Reports 2019 Third Quarter Financial and Operating Results

    Company continues to generate significant free cash flow through capital discipline and strong operational performance Third quarter 2019 highlights: Financial performance driven by strong liquids production ...

  • Can Encana’s (TSX:ECA) Stock Double Your Money?
    The Motley Fool

    Can Encana’s (TSX:ECA) Stock Double Your Money?

    No matter which way you slice it, a rebound in commodity prices will mean triple-digit gains for Encana (TSX:ECA)(NYSE:ECA) investors.

  • The Market Is Ready to Crash: Is Your Portfolio Ready?
    The Motley Fool

    The Market Is Ready to Crash: Is Your Portfolio Ready?

    Stocks like Canadian Utilities Limited (TSX:CU) and Encana Corp. (TSX:ECA)(NYSE:ECA) behave very differently during a recession. Make sure your portfolio is ready.

  • Encana (ECA) to Report Q3 Earnings: What's in the Cards?
    Zacks

    Encana (ECA) to Report Q3 Earnings: What's in the Cards?

    Strong production growth is likely to have boosted Encana (ECA) in Q3. However, lower realized commodity prices are expected to have hurt its bottom line.

  • Encana Needed to Tap Into Passive Investing, CEO Suttles Says
    Bloomberg

    Encana Needed to Tap Into Passive Investing, CEO Suttles Says

    Oct.31 -- Encana Chief Executive Officer Doug Suttles discusses the Calgary-based company's plan to move its headquarters to the U.S. and drop the link to Canada from its name. He speaks with Bloomberg's Caroline Hyde and Scarlet Fu on "Bloomberg Markets: The Close."