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.
The full text of this article has 572 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +.00 | 13,206.14 |
| DJIA | +.00 | 11,349.28 |
| S&P 500 | +.00 | 1,252.54 |
| Nasdaq | +.00 | 2,280.11 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | 'Surprise' surpluses questioned 3:01 AM
|
| 2. | Oil patch springs $5-billion gusher 2:49 AM
|
| 3. | Loblaw profit rises 18 per cent 9:06 AM
|
| 4. | Oil rises as recent lows prompt buying 6:15 AM
|
| 5. | WTO talks appear deadlocked 6:51 AM
|
| 6. | Traders accused of manipulating oil prices 7:15 AM
|
| 7. | World stocks hit one-week low 7:30 AM
|
| 8. | Norbord loss deepens as U.S. demand drops 7:50 AM
|
| 9. | Honda profit rises 8 per cent 6:24 AM
|
| 10. | Humane society, pawnshop among creditors of failed oil firm 24/07/08 8:46 PM
|
19Business incubator
- Turning an idea into a best seller
- Spinmaster's toy guru Ben Varadi
The Law Page
- Lawyer finds gaping hole in securities law
- Plus: A fierce litigator who was a 'gentleman'
Video Pick
- Henry Paulson speaks
- The U.S. Treasury Secretary speaks on the U.S. housing crisis
Magazine
- Who will benefit from drilling offshore Brazil?
- Just a handful of firms in line for potential bonanza
Marcus GeeNations can thrive without democracy, but only for so long
Madelaine DrohanThe great Doha trade divide
RICHARD SIKLOSThe strange case of the superheroes, the geeks and the studios
BARRIE McKENNARecord prices put Arctic oil within reach
NEIL REYNOLDSWhy we continue to chase the next new thing