ECA - Encana: Its Domiciliation In The U.S. Won't Be Enough

During the third-quarter earnings, Encana's (ECA) management announced its intention to establish the company's corporate domicile in the U.S.

Corey Code, the CFO, explained during the earnings call the goal was to gain access to deeper pools of investment capital and address Encana's valuation disconnect to its U.S. peers.

But even if this move materializes, investors should expect the market to still value Encana at a discount to many of its U.S. peers.

Encana compared to U.S. producers

Encana bought assets in the U.S. over the last several years, and it now

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