Encana, at a market capitalization of about US$5-billion, is too small for the mainstay S&P 500, which requires US$8.2-billion of market value or more
On Friday, Encana shares will be removed from the S&P/TSX Composite and S&P/TSX 60 indexes as the energy company relocates and rebrands. Brookfield Property will replace it on the large-cap index.
Encana Corp (TSX:ECA)(NYSE:ECA) and other Canadian energy stocks are desperate for a turnaround in the comparatively disadvantaged North American oil industry.
Through this restructuring, Encana (ECA) will effectively exchange Ovintiv's one share of common stock for every five common shares of Encana.
Some Canadian investors upset after Encana announces the relocation of the company.
The majority of the Calgary-based oil and gas company shareholders voted in favour of moving the Canadian company's corporate home south of the border. Encana says the move could expose it to larger pools of investment and better align it with its U.S. peers.
The company, which is moving its head office from Calgary to Denver, said relocating to the U.S. will allow it to access larger pools of investment capital.
According to company insiders, Encana Corp (TSX:ECA)(NYSE:ECA) stock is a golden opportunity for investors.
Encana Corp.’s (TSX:ECA)(NYSE:ECA) stock price rallied in December, as investors recognized the stock's ridiculously low valuation levels and strong business.
The Encana stock is tanking as it prepares to relocate to the U.S. Its performance is dismal in 2019 heading into 2020. Only the flow of more American funds can confirm if the decision to move was a wise one.
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It is not surprising the see poor performances and the sharp drop in prices of the Encana stock, SNC-Lavalin stock, and Sierra Wireless stock. Near-term recovery is unlikely.
Shares of Encana Corp. have declined over 20% in 2019. Will the recently announced changes and its low valuation result in a turnaround of investor's fortunes in 2020?
Encana Corp (TSX:ECA)(NYSE:ECA) stock could have massive upside in 2020 if company executives are correct in their predictions. Why then are shares still headed lower?
Knowing the median net worth of Canada’s working class is helpful when planning for retirement. It can also help you pick blue-chip RBC stock over promising Encana stock to increase net worth.
Investors should stay clear of Encana stock and HEXO stock - A departing giant and a tanking weed company, for now.
Este año se cumplieron 30 años desde el estreno de la serie que tuvo fama internacional. Cómo lucen en la actualidad los actores del gran éxito de los 90.
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Index fund investors in the high-dividend stock Encana Corp (TSX:ECA)(NYSE:ECA) will fight the company’s plan to move from Canada to the United States.
A Canadian investment management firm with a four per cent stake in Calgary-based Encana Corp. says it will vote against Encana's plan to move its headquarters to the United States.
Encana (TSX:ECA)(NYSE:ECA) stock is lucky to still qualify for listing on the TSX. The stock is down 43% to $5.75 from $10.22 in November 2018.
Canada’s oil industry is in disarray following the move to America by a former oil giant. It will be interesting to see if Encana stock will rise with the change in identity.
Should investors be bullish on Encana Corp (TSX:ECA)(NYSE:ECA) as it shakes things up internally?
Encana Corp (NYSE:ECA) (TSE:ECA) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 63,360,000 shares, an increase of 24.9% from the September 30th total of 50,720,000 shares. Based on an average trading volume of 24,090,000 shares, the days-to-cover ratio is presently 2.6 days. […]
Encana Corp. says its new head office will be in Denver following a reorganization that will include changing its name to Ovintiv.
Higher production from Encana's (ECA) core assets of Permian, Anadarko and Montney Basins drives the company's year-over-year results to excellence.
After the US oil boom, Canada, together with Brazil, is another country whose production will expand dramatically over the next decade. The North-American country accounts for around 25% of new crude oil supply to be added globally through 2050. New pipeline projects have so far faced significant delays, primarily due to environmental concerns and regulatory obstacles. Canada's proven oil reserves are estimated close to 170 billion barrels, coming third globally to Saudi Arabia and Venezuela. Since Canada's domestic needs are only expected to grow slowly, exports will only continue to grow, assuming that the required infrastructure will be built along the western coast. Canada's exports to the US have reached 4.7 million b/d, with its heavier sour barrels remaining quite popular across US refiners, especially during periods of fast-declining output across other traditional suppliers to the US, such as Venezuela and Mexico. However, Canadian oil still faces some major challenges before further expanding.
Hunting for a bargain? This group of beaten-down stocks, including Encana (TSX:ECA)(NYSE:ECA), might provide the value you're looking for.
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Encana expects its change of domicile will raise the value of the company because of a higher exposure to index investors
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.
Stuff you need to know
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The most historic energy company in Canada decided on Thursday to fill out some forms and declare itself an American company.
Encana is no run-of-the-mill Canadian company and it means more to Canada than its shrunken share price
The company’s announcement triggered recriminations and heated political debate over what is driving the energy industry away
Encana’s move comes at a time when Alberta has been rapidly implementing policies to drive investment into the province, and follows significant layoffs at Husky Energy.
Alberta Premier says company’s decision is emblematic of a broader decline in Canadian energy industry due to federal policy under Trudeau government
Alberta Energy Minister Sonya Savage, speaking at a news conference
Company cites inability to access pools of U.S. capital as reason for the shift; says no local job losses expected
One of Canada's oldest and largest energy companies is moving corporate headquarters from Calgary to the United States
Encana Corp., now a Calgary-based company, says it plans to shift its base to the United States and change its name to Ovintiv Inc.
Encana Corp. says it plans to establish a corporate domicile in the United States and change its name to Ovintiv Inc.
The Canadian oil and gas producer is changing its name to to Ovintiv
Separately, the company said net income in the third quarter ended Sept. 30 rose to $149 million, or 11 cents per share, up from $39 million, or 4 cents last year
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) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Encana (ECA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
In the latest trading session, Encana (ECA) closed at $4.62, marking a -1.28% move from the previous day.
Encana (ECA) closed the most recent trading day at $4.76, moving +1.71% from the previous trading session.
Investors need to pay close attention to Encana (ECA) stock based on the movements in the options market lately.