14.12.2012 20:34:00
|
Encana Corporation -- Moody's: Encana advances liquids rich development with PetroChina JV
Toronto, December 14, 2012 -- Moody's views Encana'sCAD2.18 billion joint venture arrangement with Phoenix Duvernay Gas (Phoenix), a wholly-owned subsidiary of PetroChina Company Limited, to explore and develop Encana'sDuvernay play, as credit positive for Encana. Encana will advance its transition to a more liquids rich mix with this transaction.