EncanaSays it wants to buy more oil assets to go with NG and balance its production.
I do not rule out a bid by ECA now that ECA and Notley have spoken.
SU and IMO have also likely got the green light for a COS take over:
FP says Notley gets on the horn with EnCana CEO
2015-05-13 08:17 ET - In the News
The Financial Post reports in its Wednesday edition that following the NDP's election win in Alberta last week, premier-designate Rachel Notley picked up the phone and called the EnCana chief executive officer Doug Suttles. The Post's Geoffrey Morgan writes that Mr. Suttles recalled at his company's annual general meeting Tuesday what he told Ms. Notley, "If we can provide support, in any way, as you think about policy issues, then we'd be happy to do that." EnCana had seen its own share price buckle 8 per cent the day after the NDP trampled the four-decade-old Progressive Conservative dynasty, and the S&P TSX Energy Index fell 2.75 per cent. Both have since recovered, in part soothed by Ms. Notley's assurances that she would ensure things were "A-OK" for the provincial energy sector. Mr. Suttles, however, would not say how the NDP's stated plans to increase the corporate tax rate and to review royalty rates for oil and gas extraction would affect his company's bottom line. For now, EnCana's financial strength has been challenged by the collapsed price of oil -- although not quite as severely as analysts had predicted. EnCana posted first quarter results Tuesday that beat cash flow expectations