oil & gas assets
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CS - Analyst Notes - November 13, 2019

Encana Moves



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Barclays (US$4.17-Oct. 30; Overweight/Positive; PT-US$11) ECA plans to rebrand, change its name to “Ovintiv Inc.,” and establish a corporate domicile in the US to have more exposure to US index funds and passively managed accounts. Alongside the change in domicile, a consolidation and share exchange will be completed for effectively one share of common stock of Ovintiv for every five common shares of ECA. While the rebranding surprised us, it also did not surprise......
 
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