Encana said it will sell its remaining 54% stake in PrairieSky Royaltyvia a USD-2.4-billion secondary offering of PrairieSky shares. PrairieSky generates royalty revenue by charging drilling levies to other producers on its properties. A syndicate of underwriters, led by TD Securities, will purchase Encana’s stake and offer the shares to investors.


Don't miss out on the latest technology delivered to your email weekly.  Sign up for the JPT newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.