Encana Corp., one of Canada’s oldest and largest energy companies, is moving its corporate headquarters from Calgary to the United States.
The company, which is also changing its name to Ovintiv Inc., said Thursday that having a U.S. address will expose it to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align it with its U.S. peers.
Damn capitalist America.
https://www.cbc.ca/news/canada/calgary/encana-move-us-united-states-calgary-base-ovintiv-1.5342315
Yep, they've been here since 1880.
We are getting crushed, there's no question. Especially in Ontario where the most talented cannot wait to get the hell out and help America or some other nation beat the few privately owned Canadian companies we have left.
Meh....give em a few years and they'll be based in mehico if dems have their way.
I had to do something for my own understanding and sanity. I decided to make a list of the most talented, intelligent, high performing, scholastic people I went to school with. A couple of them weren't even in my classes but they won multiple awards and they were clearly brainers.
I ended up with a list of 4 people, 2 from high school and two from university. I looked up all of their names, now almost 2 decades on since University, longer since High School. One guy in particular was an absolute genius who you knew was destined for greatness somewhere.
He, by far the leader of the pack; and two others were now living in America. Only one was still in Canada according to linkedin, google searches and social media that I searched.
Think about this. Born, raised, educated and apparently an asset to Canada and Toronto,
3 of them are gone! They learned quickly that our system is a Fiefdom where talent and opportunity/reward are not correlated. It is absolutely accurate, without question.
We basically have a police state. Operated covertly for the most part. Their families do well within it, as they would if they were a Moscow Chief of Police. Six figure salaries for some with a high school diploma, maybe a year of community college. Politicians don't confront them as they are left alone to fleece the system as well. "Leave me alone and I will leave you alone". These police apparatus will get their customary 3-4% annual pay increase, without accountability and immense unchecked power, low performing politicians will fleece at will.
We are relics and this lost company is just the beginning, there is no question. It's been going on since the 1990's when we had doctors leaving for USA. Each year it gets worse and each year we lose more ground. It won't change in my lifetime. Do NOT become like us.