- On 31 March 2014, Encaca sold its interests in the Jonah Field to TPG
- On 29 April 2014, Encana announced the sale of further gas assets in US L48 to an undisclosed buyer
- Encana has adopted strategy known as "Getting Back to Winning", focusing on liquids-rich opportunities/higher returns at times of weak gas pricing
- PE buyers continue to pick up gas assets - after low risk, long-lived cash generating assets, potential for cost efficiencies
- With absence of shareholder pressure, PE buyers can hold assets and take longer-term view on gas prices
- PE can also achieve higher returns as do not need to pay corporate tax (profits distributed directly to shareholders), similar to MLPs
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