Monday, EnCana Corp. (ECA,ECA.TO) said it has completed its transaction to split into two highly focused energy companies: Cenovus Energy Inc., an integrated oil company and EnCana Corp., a pure play natural gas company. EnCana state that, on November 25, 2009 shareholders voted more than 99% in favor of the transaction and later that day the Court of Queen's Bench of Alberta approved the transaction.
Under the terms of the arrangement, common shareholders of EnCana will own one new EnCana common share and will receive one common share of Cenovus for each EnCana common share held on December 7, 2009, the anticipated distribution record date, the company said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.