Posted on 12/05/08
EnCana's plan: Divide, then conquer
CALGARY -- EnCana Corp., Canada's biggest energy company, is going back to its roots: as two smaller companies.Seeking to unlock the value of its enormous asset base, the $65-billion company plans to split into separate oil and natural gas firms, a move that underscores the massive need for capital in an oil patch where development costs are escalating rapidly.
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