Letko's Opinion Mr. Letko hopes the value picks up in the near future – after all, he said, “it’s a fine company with great assets” – but he believes the planned move does nothing to improve the lot of shareholders.
He would like Encana to nix its plan altogether or, given the share-price tumble, conduct a pro-active stock buy to avoid becoming a takeover target.
“That would be much more helpful than trying to entice some passive index shareholders in the U.S. to buy the stock,” he said.
** Now wouldn't that be something ? Hand it to ya! better have a plan ! " jmho :)