4 C
Fort St. John
Sunday, November 18, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement
Advertisement

EnCana announces delay in operations split; stock drops in price

Shares of EnCana opened down this morning following an announcement from the company that it would delay a planned split between its oil and natural gas operations.

The division would have seen EnCana form a separate company called Cenovus to manage its oil ventures, while natural gas resources, which make up about eighty percent of the company’s total production, would continue to be managed under the name EnCana. The company had originally planned a shareholder vote on the split for December, but it will now hold off until markets stabilize before holding the vote.

Stock in the company opened down more than three dollars from yesterday’s close of $43.42, and closed at $37.02.

Advertisement
Advertisement
Advertisement
Advertisement

Local Events

Doc Walker to play the Lido Theatre

HYPNOTIST: RAY ANDERSON

Jokes N Tokes Comedy Tour

Advertisement
Advertisement
Advertisement

Must Read

Fort St John Flyers fall to Dawson Creek Canucks

FORT ST. JOHN, B.C. - The Fort St. John Flyers had quite the battle as they fell to the Dawson Creek Canucks on Friday...