Sunday May 11
EnCana announces dividing into two companies: one oil, one gas
- Oil and gas producer EnCana Corp. (TSX:ECA) is splitting into two energy companies: one a natural gas company and the other a fully integrated oil company.
In a news release, the company's board of directors said the proposed corporate reorganization would create a publicly traded integrated oil company with oilsands as the growth driver.
This company, which has a working name of IntegratedOilCo (IOCo), will focus on the development of EnCana's Canadian oilsands assets and refinery interests in the United States, with an established natural gas and oil production base in Alberta and Saskatchewan. Read more
Posted by The Canadian Press
Full Story: The Canadian Press
Complete Coverage: 39 stories
- Canada NewsWire - EnCana plans to split along distinct business lines to create two...
- The Globe and Mail - EnCana to split
- MarketWatch - Encana plans reorganization, split into two companies
- 36 more...
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