Encana moving to the U.S., changing name amid Canadian pipeline crunch

[kertejud2]

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Sounds like a prescription medication with an alarmingly long list of potential side effects.

Side effects include loss of shareholder value, poor board oversight, and anal leakage.

[04Terminator]

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Ovintiv? Putting name through cracker jack secret decoder ring now...

Such edgy names these days, reminds me of Peleton! Cycle with the best.

[pheoxs]

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Are you sure that's the same dude?

EDIT: you mean Doug, not Eric, obvs. Sorry

I just hit quote on Buster's quote lol. Yeah meant Doug Suttles

[ExtraSlow]

It was kind of funny me thinking about how Eric Nuttall was responsible for that, and then, how effectively he expunged that information from the Internet.

I am amused.

[ZenOps]

So... Firesale on office space that no one can afford?

[rage2]

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So... Firesale on office space that no one can afford?

Downtown office space is a fire sale everywhere. After 20 years, we're moving offices next month, top floor, incredible view, same price. No more crack Macs.

[flipstah]

I wonder how the space of The Bow will work if the company wants to be open space. The closed office layout can be repurposed i think?

[rage2]

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I wonder how the space of The Bow will work if the company wants to be open space. The closed office layout can be repurposed i think?

I wouldn't see why it couldn't be stripped and rebuilt. I mean, that's what we did with our space, which was *all* offices of weird size making the hallways a maze of a mess. Stripped it down to nothing and rebuilt from scratch with an open space concept.

[Antonito]

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I wouldn't see why it couldn't be stripped and rebuilt. I mean, that's what we did with our space, which was *all* offices of weird size making the hallways a maze of a mess. Stripped it down to nothing and rebuilt from scratch with an open space concept.

Unless they designed it weird it should be like most office buildings where you can take out everything except the elevator core and some columns

[JRSC00LUDE]

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I wouldn't see why it couldn't be stripped and rebuilt. I mean, that's what we did with our space, which was *all* offices of weird size making the hallways a maze of a mess. Stripped it down to nothing and rebuilt from scratch with an open space concept.

It's what I do for a living, maybe I should come to Ctown for a few months!

Although you have people there who come here and work for less than we do so........

[mr2mike]

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Downtown office space is a fire sale everywhere. After 20 years, we're moving offices next month, top floor, incredible view, same price. No more crack Macs.

Terrible fire drills and long elevator rides.
Top floors are overrated.
7th floor or lower.

[Swank]

They're still going to build the 2nd Bow tower though, aren't they

[tha_bandit]

Canadian oil and gas producer Pengrowth Energy Corp (PGF.TO) said Friday it has agreed to be acquired by privately held oil company Cona Resources in a deal valued at $740 million.

Cona Resources, which is a portfolio company of Waterous Energy Fund, will pay five cents per share and a potential contingent value payment for each Pengrowth share.

This follows news of Encana announcing it's moving its headquarters from Calgary to the United States, citing better access to capital south of the border.

https://www.cbc.ca/news/canada/calga...rice-1.5344256

[ExtraSlow]

Nice day for Pengrowth shareholders. Hahaha sigh.

[Xtrema]

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Nice day for Pengrowth shareholders. Hahaha sigh.

I don't think so by the way I read it.

https://business.financialpost.com/c...or-740-million

Unless that's a sarcastic "nice day"

[ExtraSlow]

It was sarcastic. Although probably a fair market value for that company.

[The Cosworth]

Maybe I misunderstood, didn't they say that no one is moving except on paper they're now an american company? What is all this talk about empty floors and office furniture? Obviously I realize that the writing on the wall of the next steps, and that is why I made the post from the quote from the old news article about the CEO moving, but there isn't anything more official than that right now is there?

[ExtraSlow]

Yeah, this is a paper move, basically all they will have in Delaware is a mailbox and a lawyer. Real offices will still be Denver and Houston with a small field office in Calgary.
That's not a change at all.

[Gman.45]

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All the wealth management guys I talk to have zero investments in Canadian companies, our Country is run by a bunch of idiots.

I hear the same from mine, and family that do wealth management, and they've been saying the same for a few years now. Moved the $ we had in safer mutual funds based on Canadian companies out 2 years ago, and that $ is performing much, much better than it would have had we stayed in. Investment into Canada is dead right now.

Yet Toma sees fit to dance around a la AOC and claim everything is great. Things are going to be getting progressively worse for Canadians at a much more rapid rate. Without investments and $, and with the way things stand now, the breadbasket of Canada's economic engine is dying. What happens when it's dead?

Toma, you claimed to have "15 cars" in the past - isn't that against climate change supporter policy somehow?

[Buster]

If someone steps up to lead the West out of the shit sandwich that is Canada...there are going to be fortunes to be made off of the rapid capital inflows and the subsequent development.

Not to mention guys like Jordan and @89coupe are going to get rich on the RE explosion.