Encana Shifts Focus from Natural Gas to Oil
Canada's largest natural gas producer has decided to accelerate its shift into the liquids market in an attempt to increase revenue on the back of decade-low gas prices.
Canada's largest natural gas producer has decided to accelerate its shift into the liquids market in an attempt to increase revenue on the back of decade-low gas prices.
With natural gas currently trading at a ten-year low, more and more companies are shifting their corporate strategies to liquid oil.
Key report from the US Department of State should set the stage for project`s approval from the White House, say analysts.
Bloomberg reports that Encana Corp. (TSE:ECA) and a unit of PetroChina Co. (PINK:PCCYF) ended negotiations for a C$5.4 billion ($5.5 billion) agreement for a 50 percent stake in a Canadian natural-gas asset.
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