trending Market Intelligence /marketintelligence/en/news-insights/trending/PyxDWnXvE8x4IWeVzw0wXA2 content esgSubNav
In This List

Encana gets shareholders' approval on planned move to US, name change

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

Blog

Smart thermostats gain traction in US, point to modest electricity savings


Encana gets shareholders' approval on planned move to US, name change

Encana Corp. received approval from its shareholders to proceed with a plan to change its name and move its headquarters to the U.S.

During a Jan. 14 meeting, 90% of the corporation's security holders voted in favor of Encana's reorganization resolution to exit Canada, rebrand as Ovintiv Inc. and complete a consolidation and share exchange for effectively one Ovintiv common share of every five Encana common shares, according to a same-day news release.

The reorganization is subject to other closing conditions, including final approval of the plan by the Court of Queen's Bench of Alberta.

The corporation announced its plan in October 2019 amid an ongoing shift by Canadian companies and investors to more attractive regulatory and financial regimes in the U.S.