Energy company Encana drops on Newfield deal

Business | 2 Nov 2018 11:57 am

The Canadian energy company Encana said it will buy oil and gas company Newfield Exploration for US$5.5 billion in stock. Newfield climbed by 16.1 percent to US$23.46, while Encana dropped by 12.6 percent on the Toronto Stock Exchange.-AP

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