EnCana to split into separate oil, gas companies
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20080511/2008_05_11t164918_450x389_us_encana.jpg?x=130&y=112&q=85&sig=KFwppTqMyj7Cu6CtcaVyEg--" align="left" height="112" width="130" alt="EnCana President and Chief Executive Officer Randy Eresman announces that EnCana, Canada's largest energy company, will be split into two energy companies in Calgary May 11, 2008. EnCana Corp said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs. EnCana, a $65 billion producer formed in a merger six years ago, said the new oil firm will operate its Alberta oil sands and U.S. refining assets, which it runs as part of a joint venture with ConocoPhillips. It will also encompass Canadian plains natural gas assets. (Todd Korol/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080511/bs_nm/encana_dc)Reuters - EnCana Corp , Canada's
biggest energy company, said on Sunday it plans to split itself
into separate oil and natural gas companies in efforts to lift
its value with crude prices at record highs.</p><br clear="all"/>
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