News on EnCana (Ticker: ECA) continually updated from thousands of sources around the net.
9 hrs ago | CFRA
An Alberta woman has lost her appeal to sue the province's energy regulator over hydraulic fracturing on her property. Jessica Ernst launched a $33-million lawsuit against the Alberta government, the province's energy regulator and energy company Encana .
10 hrs ago | Seeking Alpha
Using the cash to accelerate the development of the company's already vast asset base appears to be a more compelling approach. In a surprise move announced this week, Encana agreed to sell its remaining interest in PrairieSky Royalty Ltd. in a bought deal for ~US$2.3 billion .
B2Gold Corp. . Miner. Down six cents, or 2.47 per cent, to $2.37 on 4.6 million shares.
At the end of the trading day on Monday, Encana announced that it was selling off its remaining stake in PrairieSky Royalty , the company that it spun off just a few months ago. In exchange for its 70.2 million shares, which constituted a 54 per cent stake in the new company, it received $2.56 billion in cash.
Jupiter expects to use the net proceeds from this offering as part of the financing of its proposed acquisition of the Bighorn properties from Encana Corporation and for general corporate and investment purposes. The Notes will be general unsecured obligations of Jupiter.
Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.
The Toronto stock market looked set to open little changed Tuesday while investors considered a major deal in the energy sector. U.S. futures also indicated a soft start to the session with the Dow Jones industrial futures up six points to 17,106, the Nasdaq futures were 5.5 points higher to 4,098.5 and the S&P 500 futures added 0.9 of a point to 2,001.5. After the markets closed Monday, Encana Corp. announced that it is selling its remaining stake in PrairieSky Royalty Ltd. in a deal valued at about $2.6 billion.
Encana Corp., Canada's second- largest natural gas producer, is selling its controlling stake in PrairieSky Royalty Ltd. for C$2.6 billion following the unit's initial public offering. A group of banks including Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, which co-led the IPO in May, will purchase Encana's stake at C$36.50 a share for resale to investors this month in a so-called bought deal, the Calgary- based company said in a statement today.
Encana Corp. Monday said it is selling its entire stake in PrairieSky Royalty Ltd. via a 2.6 billion Canadian dollar secondary offering of PrairieSky shares. The offering price of C$36.50 a PrairieSky share is 30% higher than the royalty company's initial public offering price back in May. Calgary-based Encana spun off its royalty business at that time as part of a plan to cut costs and improve its bottom line.
Micro Cap no More - How a little known oil and gas company has put together a project with tremendous upside in the Canadian Montney Play in Alberta, Canada.
The gains were broad based with all the ten sectors ending the session in positive.
Updated: Mon Sep 15, 2014 12:54 pm
Copyright © 2014 Topix LLC