Rights Plan is a Defensive Measureto prevent a hostile takeover of EnCana Energy. The management of the company must have received some indications that other companies were interested in making a hostile bid for the company or they would not have initiated this Rights Plan. Given that institutions and hedge funds own the majority of shares it would be easy for a major integrated company to takeover EnCana Energy. Lets hope it is Chevron after they back out of their takeover of Anadarko. It looks to me like things are starting to heat up in the oil patch. GLTA Longs!