CALGARY - A Canadian investment management firm with a four per cent stake in Calgary-based Encana Corp. says it will vote against Encana’s plan to move its headquarters to the United States. Letko, Brosseau & Associates Inc. says the planned move to Denver would lead to Encana’s removal from S&P/TSX stock indexes. Encana recently announced the headquarters move as part of a reorganization that would include changing its name to Ovintiv, as well as a share consolidation. CEO Doug Suttles, a Texan who lives in Denver, says the change in corporate home is meant to help the company tap into deeper pools of U.S. passive investor capital. The changes require a shareholder vote to be held early next year.

Source: thestar November 19, 2019 20:03 UTC