Canada Pension, Broe take down Encana's D-J assets

摘要

The Canada Pension Plan Investment Board, Toronto, and privately held Denver conglomerate The Broe Group, are planning to acquire Encana Corp.'s (NYSE: ECA) Denver-Julesburg (D-J) Basin assets in northeastern Colorado for US$900 million in cash. "The D-J Basin is one of the leading oil and natural gas plays in North America and Encana's assets and operations have long been regarded as top-tier by industry standards," said Avik Dey, managing director, head of natural resources, for CPPIB. "This investment offers attractive economics and aligns well with our strategy for the energy sector."