Ya, to be clear, this is a move of the "legal parent" so it is no longer a Canadian company, but a US one (that happens to have it main office in Calgary and is listed on TSX).
Effectively impacts its regulatory requirements, and as the press release says, opens them up to additional investors. Most investment funds/pensions have strict rules on the amount of exposure to FPI (foreign private issuer) and/or foreign energy investments they can hold. By becoming a US energy company, they likely can be bought and held in greater volumes by large institutional investors in the US, even though the day to day at the company is unchanged.
So to all the engineers, etc, here, I wouldn't worry. As time passes, if their US ops keep growing, definitely possible the actual HQ activities could move down south.
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