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EnCana leaving ‘terrible development’, ‘death blow’ for Canadian energy sector: Alberta experts
Alberta

EnCana leaving ‘terrible development’, ‘death blow’ for Canadian energy sector: Alberta experts 

EnCana’s exodus from Canada did not begin on Thursday with the company’s announcement it’s relocating corporate headquarters from Calgary to Denver, Colorado. 

A year ago, $7.7 billion in EnCana capital was not invested in its Canadian resource plays; instead it was directed stateside to purchase Texas-based Newfield Exploration. Then in February of this year the company cut 15 percent of its staff, across the board. 

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