90% of Encana shareholders approve name change, company’s HQ pierce to U.S.

Encana shareholders have voted overwhelmingly in foster of a oil and gas association relocating a dwelling to Denver from Calgary and changing a name to Ovintiv Inc.

CEO Doug Suttles says a 90 per cent opinion in foster of a fortitude shows transparent support for a long-standing Canadian company’s preference to pierce a corporate home south of a border, notwithstanding open critique from Encana owner Gwyn Morgan and shareholder Letko, Brosseau Associates Inc.

Encana announced a changes in Oct as partial of a reorder that includes a one-for-five share consolidation, also authorized by shareholders on Tuesday.

It says a corporate dwelling in a United States will display it to increasingly incomparable pools of investment in U.S. index supports and passively managed accounts, as good as improved align it with a U.S. peers.

Encana has pronounced a changes will not impact how it runs a day-to-day activities in Canada.

The association was combined in 2002 by a partnership of Alberta Energy Company Ltd., founded in a 1970s by a provincial government, and PanCanadian Energy Corp., a roots of that can be traced behind to a construction of a Canadian Pacific railroad. At one indicate it was a largest oil and gas association in Canada.

Article source: https://www.cbc.ca/news/canada/calgary/encana-calgary-us-oil-gas-1.5427028?cmp=rss