GREY:TRIAF - Post by User
Comment by
hemi3tcon Jul 04, 2012 11:07am
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Post# 20081039
RE: RE: RE: RE: cheap at 2013 metrics
RE: RE: RE: RE: cheap at 2013 metrics
2012-06-04 05:09 ET - In the News
Also In the News (C-ECA) EnCana Corp
The Financial Post reports in its Saturday, June 2, edition that some of EnCana's current difficulties stem from the 2008 decision to spin off its oil sands assets into what is now a very profitable Cenovus Energy. The Post's Jameson Berkow writes that if EnCana really wants to boost its liquids production, experts say it will have to buy the kinds of assets it previously shed. Not Cenovus, to be sure, since it now boasts a market value more than $9-billion higher than EnCana's. But small-to-mid-cap players such as TriOil Resources are trading at distressed levels, says Sprott Asset Management manager Eric Nuttall, making them vulnerable to acquisition and ideal targets if EnCana is going to expedite its growth in liquids.