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O Canada, O EnCana (duh!)

Posted on May 17, 2008

EnCana (ECA) is basically a Canadian natural gas producer with largeholdings of oil sands in Alberta, Canada. They also have a large USoperation and an integrated oil business with Conoco Phillips (COP). OnSunday, May 11, 2008, ECA announced their plans to split the companyinto two parts - a pure-play natural gas company and a separate oilcompany. Wall Street went ecstatic over the announcement and the stockimmediately ascended to a new 52-week high on Monday. Anybody who is asomebody in the world of money wrote an article on EnCana, and thebuzz, well, it buzzed! With their 20/20 hindsight vis...

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canadian natural gas , gas , oil , oil sands