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Pump jacks pump oil at an Encana well near Standard, Alberta on May 12, 2014.
Pump jacks pump oil at an Encana well near Standard, Alberta on May 12, 2014.
(TODD KOROL FOR THE GLOBE AND MAIL)

Jupiter says pulling debt offering won’t impact Encana deal

Jupiter Resources Inc.’s decision to pull a high-yield debt offering will not jeopardize its planned $2-billion acquisition of Western Canadian oil and gas assets from Encana Corp., its CEO says.

Jupiter, the newly formed private energy company, had planned to issue $1.1-billion (U.S.) of senior unsecured notes to help finance the purchase of Encana Corp.’s Bighorn properties, announced in June.