encana merger

500 Centre Street SE, It’s largest disclosed sale occurred in 2011, when it sold Carrot Creek Assets to Direct Energy for $44M. Encana has acquired 2 companies, including 1 in the last 5 years. FLS involve assumptions, risks and uncertainties that may cause such statements not to occur or results to differ materially. A Cision company. Encana’s largest acquisition to date was in 2014, when it acquired Athlon Energy for $7.1B. It is involved in the production and marketing of oil and natural gas and is based in Calgary. The Company’s most targeted sectors include oil/gas exploration (100%). HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Encana was founded in 1971 and is based in Calgary, Canada. Encana has acquired 2 companies, including 1 in the last 5 years. Encana Corporation (Encana) (TSX, NYSE: ECA) announced today that it has completed its acquisition of Newfield Exploration Company (Newfield) (NFX) in an all-stock transaction. The merger will accelerate the development of these assets and as a result, capture full value for our owners.” Encana: A leading multi-basin company with premium positions in three top North American plays This transaction includes approximately 360,000 net acres in the core-of-the-core of the world-class STACK/SCOOP in the Anadarko Basin. FLS include: the anticipated benefits of the Reorganization that includes, among other things, the U.S. domestication; and expectations with respect to de-listing of the Encana common shares from the NYSE and TSX. Encana has acquired in 1 US state. Risks and uncertainties include: risks that the description of the transactions in external communications may not properly reflect the underlying legal and tax principles of the reorganization; and other risks and uncertainties as described in Encana's Annual Report on Form 10-K and Quarterly Report on Form 10-Q and as described from time to time in Encana's other periodic filings as filed on SEDAR and EDGAR. Based on the negative market reaction, ECA shareholders should win even if the Newfield merger is rejected. Copyright © 2020 CNW Group Ltd. All Rights Reserved. Modest increase to pro forma reserve-to-production (R/P) ratio; gets better as further delineation converts resource to Proved status. The shares of common stock of Ovintiv will begin trading on the New York Stock Exchange (the "NYSE") and the Toronto Stock Exchange (the "TSX") at the opening of trading January 27, 2020, and will trade under the symbol "OVV" on a post-consolidation basis. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. CALGARY, Alberta, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Encana Corporation (Encana) (TSX, NYSE: ECA) announced today that it has completed its acquisition of … Company to begin trading on NYSE and TSX as Ovintiv on January 27, 2020. Financial and Legal AdvisorsCiti acted as financial advisors to Encana. www.encana.com. Encana Mergers and Acquisitions Summary. Encana Corporation is a Canadian oil and gas exploration company. Encana’s largest acquisition to date was in 2014, when it acquired Athlon Energy for $7.1B. CALGARY, Jan. 24, 2020 /CNW/ - Encana Corporation (NYSE,TSX: ECA) announced today they have completed a previously announced series of reorganization transactions (collectively, the "Reorganization"), resulting in the company: (i) establishing its corporate domicile in the U.S.; (ii) rebranding under the name Ovintiv Inc. ("Ovintiv"); and (iii) completing a consolidation and share exchange for effectively one share of common stock of Ovintiv for every five common shares of Encana. Although Encana believes such FLS are reasonable, there can be no assurance they will prove to be correct. M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. The common shares of Encana will be suspended from trading on the NYSE and the TSX prior to the opening of trading January 27, 2020. While Newfield stock went up ~16% on the news to $23.50 per share, Encana stock cratered, down 12.50% to $9.00 per share at, Long/Short Equity, Value, event-driven, Contrarian. Enhanced cash flow from hedges in 2019 as 2018 hedges roll off. On November 1, Encana announced the all-stock acquisition of Newfield Exploration. This article is exclusive for subscribers. FLS are made as of the date hereof and, except as required by law, Encana undertakes no obligation to update or revise any FLS. Dirt cheap valuation: 5.6x TTM EBITDA pro forma for the Newfield acquisition. Calgary, Alberta T2P 2S5 Pursuant to the Reorganization, registered holders of Encana will be entitled to receive their shares of Ovintiv by submitting a properly completed Letter of Transmittal. Canada, Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. Join Mergr and gain access to Encana’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector. ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains forward-looking statements or information (collectively, "FLS") within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It’s largest disclosed sale occurred in 2011, when it sold Carrot Creek Assets to Direct Energy for $44M. Pro forma production to increase ~20% from 2018 levels. The Company received very strong securityholder support with more than 90% of votes cast in favor of the Reorganization. The above assumptions, risks and uncertainties are not exhaustive. Company to begin trading on NYSE and TSX as Ovintiv on January 27, 2020. The Letter of Transmittal was previously mailed to registered Encana shareholders and is also available on Encana's website at www.encana.com, on Encana's SEDAR profile at www.sedar.com and on the SEC website at www.sec.gov. It has also divested 5 assets. Beneficial shareholders of Encana will receive their shares of common stock of Ovintiv through the broker, financial institution or other nominee through which their common shares of Encana are held. It has also divested 5 assets. Encana was created in 2002 through the merger of Alberta Energy Company Ltd., founded in the 1970s by the provincial government, and PanCanadian Energy … On November 1, Encana announced the all-stock acquisition of Newfield Exploration. Oil/gas Exploration Company. (403) 645-2000 Further information on Encana Corporation is available on the company's website, www.encana.com, or by contacting: About Encana: Encana is a leading North American energy producer that is focused on growing its strong portfolio of diverse resource plays producing natural gas, oil and natural gas liquids. Blake, Cassels & Graydon LLP acted as Canadian corporate counsel, Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as U.S. corporate counsel, Felesky Flynn LLP acted as Canadian tax counsel and Osler, Hoskin & Harcourt LLP, acted as U.S. tax counsel to Encana.

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