This holiday season, all of our Supporters are entered to win an $800 Shopping Spree Giveaway!

By Energeticcity.ca staff

 

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

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.

Report an error

Read our guiding principles

Thanks for reading!

This holiday season, we want to give back to the people who have supported us this year!

We have partnered with local businesses to create an $800 Shopping Spree Giveaway! One of our Supporters will win the giveaway on December 2 and anyone who becomes one by December 1 will be entered to win as well.

More stories you might like