Encana Corp. is set to become U.S.-based Ovintiv Inc. as the company continues the strategic transformation it undertook more than five years ago.

By establishing a corporate domicile in the U.S., CEO Doug Suttles said Encana, currently based in Calgary, Alberta, will be better positioned to compete in the broader markets and realize shareholder value.

“A domicile in the United States will expose our company to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align us with our U.S. peers,” he said.

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