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Stock impact report

As Encana planned its move, U.S. stockholders fled [Toronto Globe and Mail (Ontario, Canada)]

Ovintiv Inc. (DE) (OVV) 
Last ovintiv inc. (de) earnings: 2/19 08:54 pm Check Earnings Report
As Encana planned its move, U.S. stockholders fled In January, the company made its transformation official – moving the corporate headquarters to Denver from Calgary, the latter seen here on Oct. 31, 2019. Jeff McIntosh/The Canadian Press In January, the company made its transformation official – moving the corporate headquarters to Denver from Calgary, the latter seen here on Oct. 31, 2019. When Encana Corp. announced a plan to move to the United States and rename itself Ovintiv, it knew many Canadian money managers would sell its stock. The long-term goal was to attract big U.S. investors instead. New regulatory filings show, however, that multiple U.S. institutional investors also sold off huge positions in Encana stock in 2019’s fourth quarter, even before the move to the United States became effective. It was the culmination of a year in which institutional investors soured on the company for its poor performance. The heavy selling pressure over the past several months, from Show less Read more
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