By David Olive Business Columnist Mon., Nov. 5, 2018 Encana Corp.’s controversial planned acquisition of U.S. shale producer Newfield Exploration Co. in a $5.5-billion (U.S.) deal has more merit than appears. News of the agreed takeover, unveiled last Thursday, sent Encana shares plunging on the Toronto Stock Exchange as much as 18 per cent in intra-day trading – the biggest such drop on record. True, this is the biggest deal in Encana’s history. It’s also true Encana has been a big-time disappoint for investors, with a current stock price of about $12 that is 87 per cent below its 2008 peak. The deal appears to reverse management’s strategy of slimming down its assets, and gets Encana into what for it is terra incognita, in Oklahoma, North Dakota and Utah shale fields. The deal also, however, transforms an Encana with an unclear identity – opting for a “headquarterless” model hasn’t helped – … [Read more...] about Is Encana crazy as fox?
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The North Face fuses with nat'l climbing team for slot at 2020 Tokyo Olympics (philstar.com) - June 27, 2018 - 10:30am MANILA, Philippines — As part of its efforts to empower outdoor sporting communities across borders, The North Face is more than thrilled to announce its recently forged partnership with the Philippine National Climbing Team. To officially establish its role as a key sponsor for the national team for climbing, an exclusive media event was held on June 13 at the R.O.X. Bonifacio High Street at Taguig's Bonifacio Global City. Guests were able to meet the athletes vying to represent the country at the upcoming 2020 Tokyo Olympics, as well as witness the official awarding of the Certificate of Partnership. Forging world-class athletes The North Face Philippines shared the motivation behind the brand’s commitment to support the country’s national climbing team. For one, the pressure is at its peak … [Read more...] about The North Face fuses with nat’l climbing team for slot at 2020 Tokyo Olympics