EnCana splitting up!

[Shazam]

Originally Posted by TurnedTheCorner

Because natural gas prices are looking so good for the next 5 years?

Although there's about a 14 billion year supply of NG in the ground, there's quite a few people that think NG prices will rise long term.

Hey, someone did a Time-Warner-AOL merge, so what's a few billion dollars anyways?

[FlamesAllTheWay]

http://www.cbc.ca/money/story/2009/0...ana-stock.html

The pure-play natural gas part of the company will be known as EnCana while the integrated oil company will be called Cenovus Energy. EnCana shareholders are to receive one share of each company.

Cenovous Energy will be the name of the oil company.

[Top Shelf]

Good god, just got out of a meeting about this, there is a frickin lot of work that needs to happen from an IT perspective in the next 16 weeks

[Russic]

Originally Posted by TurnedTheCorner

But they've largely got the staff in place. A co-worker of mine was hired away by Encana in preparation for the split ages ago.

I'm in the same boat as you ... I'm impressed they didn't lay her off.