EnCana seeks natural gas investors

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By Energeticcity.ca staff

 

The EnCana corporation is sniffing out financial support, as it looks to expand its natural gas business.

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The Reuters news agency reports that the energy giant is looking for up to $2 billion in investment from a wide variety of investors.

The story says EnCana is already hoping to double its natural gas production, largely based in Northeastern BC, over the next five years. But, the Calgary-based company is soliciting investors to speed up that process, or do it at a lower cost.

EnCana has already raised $900 million this year, including a major investment from the Korea Gas Corp, for a stake in the Horn River and Montney plays.

Click here to read the original story on Reuters.

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