Posted AT 8:47 PM EDT on 11/05/08
Cue the takeover music
Randy Eresman just put the needs of
EnCana Corp. shareholders ahead of what's best for the management team at Canada's biggest energy company.
After years of defending the fact that EnCana straddled two very different worlds with its mix of oil sands and natural gas, Mr. Eresman is busting up his company. He's providing a high-octane boost to the stock price. The market likes pure plays, and loves takeover targets.
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