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It had long been speculated that Encana Corp. was looking to shift its operations to the United States, and the company finally confirmed this morning that it intended to establish a corporate domicile down south.

The speculation had gathered steam especially after CEO Doug Suttles relocated from the company’s Calgary headquarters to its Denver office last year.

As Eight Capital analyst Phil Sklonick put it, it’s the “end of En(ergy)Cana(da)“.

Encana cited access to the larger U.S. investor base as one of the primary reasons for the move.

“Over the last five-plus years, we have transformed our portfolio and our culture. We’ve created a high quality, liquids focused multi-basin portfolio. Our focus on innovation and efficiency is consistently delivering superior financial and operational performance,” Suttles said in a statement. “A domicile in the United States will expose our company to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align us with our U.S. peers.”