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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.