'Canada' Is Becoming a Dirty Word in the Oil Patch.

(Bloomberg) -- Canada's beleaguered energy sector suffered another morale blow as Encana Corp. -- one of its marquee companies that was born out of the 19th-century railway boom -- announced plans to move its headquarters to the U.S. and drop the link to Canada from its name. Last quarter, he lamented on the company's earnings conference call that Encana shares hadn't yet achieved the valuation worthy of a "premium" exploration and development company. Encana said Thursday the U.S. move will expose it to larger pools of investment including American index funds and passively managed accounts, and better align the company with U.S. peers. [Extracted from the article]