CALGARY, Alberta (Bloomberg) -- Encana Corp. is preparing to sell its Deep Panuke offshore project in Nova Scotia later this year, according to people familiar with the matter, as Canada’s largest natural gas producer shifts production toward more oil. The company’s shares rose. Encana is working with financial advisers as it explores a sale, which may raise $1 billion to $2 billion, the people said, asking not to be identified discussing private information. The Calgary-based company could begin a formal process in the coming months, with a transaction expected before the end of the year, said one of the people.
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Encana said to prepare for sale of Deep Panuke this year
![Encana said to prepare for sale of Deep Panuke this year]()
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