News | DrumhellerMail - Page #12
11222019Fri
Last updateThu, 21 Nov 2019 5pm

Encana plans US move, change name

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Encana announced this morning it would be moving the company’s headquarters to the United States from Calgary and changing its name.

The company will be rebranded as Ovintiv Inc, and the move is subject to approval from shareholders, stock exchange, and courts. The change is expected early in the new year. 

           “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,” said Encana CEO Doug Suttles.

It was reported the change will not affect Canadian staffing or result in layoffs or divert investment strategies in oil and gas formations in Alberta and B.C. 

“The change in corporate domicile will not change how we run our day-to-day activities. However, our actions show that we will leave no stone unturned to capture the value we deeply believe exists within our equity."

Encana had a long history in the Drumheller Valley, forming with the merger of PanCanadian Energy and Alberta Energy Company in 2002. It had a thriving established local office. In 2009, the company split to create Cenovus to focus on its oil holdings and Encana to develop its natural gas business. 

In 2014, Encana sold much of its Clearwater assets to Ember Resources, while its office in Drumheller remained intact.

In December 2017 it sold its remaining local holdings to Lynx Energy, which now operates out of the Drumheller facility.


Enter… if you dare

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Some take Halloween a little bit more seriously than others. And this is the case of Lyn Langstaff. She and her partner Keith Seitz have been working for a month to create an elaborate haunted house with 13 spooky themed rooms at their home at 706 2nd Street Southwest in Drumheller. Langstaff is crazy about Halloween and has been collecting and creating displays for 30 years. Last year she created a haunted house near Rowley, and this year’s display will certainly not disappoint. She will be open to brave kids, teens and adults on Halloween from 5 p.m. to 9 p.m. and then Friday, November 1 from 5 p.m. to 9 p.m.

Hoodoo paid parking program earns town $27k, program extended

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    Council approved continuing the Hoodoo paid parking program next year after this summer’s program collected more than $27,000 from visitors. 

    The program, which began in late June this year, saw town employees collect $2 from each car visiting the Hoodoos, amounting to a total of more than $40,000 just over three months. After expenses including wages, the program has earned the town $27,559. In total, 20,670 cars paid to park while visiting the Hoodoo recreation area since the program started.

    “It has proven a great return on investment, with the revenue generated destined to improve this very popular area in our valley, without having to take funds from tax payers,” said Deputy Mayor Kristyne DeMott in a release. 

    Paid parking was launched at the attraction to offset maintenance and infrastructure costs related to the area. While the Hoodoos are a provincially designated recreation site, the town is responsible for maintaining the parking area, which it expects will need resurfacing in the foreseeable future. 

    At their October 28 meeting, council approved a request to bring back the program for the tourist season next year, but also approved a rate of $10 for busses or coach tours. Recommendations to improve the program include improving signage and staff uniforms, providing customer service training, and installing a portable structure for staff. 

    There was initial concern over how visitors would react to the parking fee, and while protective services Greg Peters reported to council on Monday that there were several calls received by a small number of visitors who refused to pay, but said the program was generally well received.

    Council had previously discussed implementing paid parking at other tourist sites if the Hoodoo pilot was successful, particularly at the Rosedale suspension bridge which has a town owned rest area, but no motion was heard at Monday’s meeting.


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