Encana

Encana in its reorganization and establishment of corporate domicile in the U.S.

Date Closed

January 2020

Industry

Energy

Lead Office

New York

 

On January 24, 2020, Encana Corporation completed a reorganization that resulted in the establishment of a company with a corporate domicile in the U.S. and rebranding under the name Ovintiv Inc. Encana also completed a share consolidation and exchange  under which former Encana shareholders effectively received one share of common stock of Ovintiv for every five common shares of Encana. Ovintiv is traded on the New York Stock Exchange and the Toronto Stock Exchange. 

Ovintiv Inc. is a leading North American energy producer, with a focus on production of oil, natural gas liquids and natural gas.

Osler, Hoskin & Harcourt LLP acted as U.S. tax counsel to Encana with a team consisting of Paul Seraganian, Jennifer Lee, Kevin Colan, and Andrew Granek (Tax).