Art of the Deal: Canada’s Largest Energy Company Moving to US

Discussion in 'Politics' started by Weatherman2020, Oct 31, 2019.

  1. Weatherman2020
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    Weatherman2020 Diamond Member

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    Encana Corp., one of Canada’s oldest and largest energy companies, is moving its corporate headquarters from Calgary to the United States.

    The company, which is also changing its name to Ovintiv Inc., said Thursday that having a U.S. address will expose it to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align it with its U.S. peers.

    Damn capitalist America.

    https://www.cbc.ca/news/canada/calgary/encana-move-us-united-states-calgary-base-ovintiv-1.5342315
     
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  2. shockedcanadian
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    shockedcanadian Platinum Member

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    Yep, they've been here since 1880.

    We are getting crushed, there's no question. Especially in Ontario where the most talented cannot wait to get the hell out and help America or some other nation beat the few privately owned Canadian companies we have left.
     
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  3. Bo Didleysquat
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    Bo Didleysquat Senior Member

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    They'll love it here. They'll have a monopolized population to extract wealth from and they can let all their infrastructure go to hell; that's what rolling brown and blackouts are for. Where their customers gonna go, another company? Nope, go without.
     
  4. HereWeGoAgain
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    HereWeGoAgain Diamond Member

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    Meh....give em a few years and they'll be based in mehico if dems have their way.
     
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  5. HereWeGoAgain
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    HereWeGoAgain Diamond Member

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    Like in california?
    We have our own grid here in Texas and we never experience rolling blackouts.

    My power has gone out one time in the 12 years I've lived in my current home......for two hours.
    And that was during a major hurricane.
    Kinda pissed me off really,I set up the gen set for ac in the bedroom,workout room,master bath and one of my five refrigerator freezers.
    Right about the time I had it all working the power came back on.....sorry MFers!!!!
    I was all set to rough it!!!!
     
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  6. shockedcanadian
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    shockedcanadian Platinum Member

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    I had to do something for my own understanding and sanity. I decided to make a list of the most talented, intelligent, high performing, scholastic people I went to school with. A couple of them weren't even in my classes but they won multiple awards and they were clearly brainers.

    I ended up with a list of 4 people, 2 from high school and two from university. I looked up all of their names, now almost 2 decades on since University, longer since High School. One guy in particular was an absolute genius who you knew was destined for greatness somewhere.

    He, by far the leader of the pack; and two others were now living in America. Only one was still in Canada according to linkedin, google searches and social media that I searched.

    Think about this. Born, raised, educated and apparently an asset to Canada and Toronto, 3 of them are gone! They learned quickly that our system is a Fiefdom where talent and opportunity/reward are not correlated. It is absolutely accurate, without question.

    We basically have a police state. Operated covertly for the most part. Their families do well within it, as they would if they were a Moscow Chief of Police. Six figure salaries for some with a high school diploma, maybe a year of community college. Politicians don't confront them as they are left alone to fleece the system as well. "Leave me alone and I will leave you alone". These police apparatus will get their customary 3-4% annual pay increase, without accountability and immense unchecked power, low performing politicians will fleece at will.

    We are relics and this lost company is just the beginning, there is no question. It's been going on since the 1990's when we had doctors leaving for USA. Each year it gets worse and each year we lose more ground. It won't change in my lifetime. Do NOT become like us.
     
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    Last edited: Oct 31, 2019
  7. toobfreak
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    toobfreak Gold Member

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    WELL THAT'S IT. I'm sick of this shit. We better impeach Donald J. Trump before any more of this capitalist, America winning crap occurs.
     
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  8. HereWeGoAgain
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    HereWeGoAgain Diamond Member

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    You're preaching to the choir......
    I have a bunch of relatives in BC and I've been there frequently.
    I get an ear full from them about the canadian gov all the time.
    My Aunt,rest her soul,and my Cousin both worked in the canadian healthcare system and had nothing but bad things to say about it.
    Not to mention the cost of every damn thing!!!
     
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  9. Weatherman2020
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    Weatherman2020 Diamond Member

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    Are you saying a bunch of unelected bureaucrats you can’t fire who control your life don’t do what’s best for you?

    Im shocked.
     
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  10. depotoo
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    depotoo Platinum Member

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    Says the sock...
     
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