$39bn Encana to Gain From Cenovus Spinoff, Says The Spinoff Report

Encana Corp. (ECA) the leading North American Natural Gas and Integrated Oil Company, is to Spinoff its subsidiary Cenovus, which accounts for 55% of its Revenues.

According to Jim Osman, CEO of, The Spinoff Report ( the world's leading specialist that tracks and analyses Global Corporate Spinoffs and Special Situations ) Encana will benefit for the following reasons, " due to investors clearer recognition of its: impressive production growth, the re-rating of the stock and its attractive resource base. As for Cenovus, the Spinoff will allow investors to equally recognize and acknowledge its: high cash flow generating capacity and strong refining capability, together with the fact that it's a low cost producer".

The Spinoff Report research team has produced a 44 page in-depth analysis ahead of the vital 'Record Date' for its clients and investors. Allowing clients to fully assess the catalysts of both Encana & Cenovus.

Jim further highlighted, "Post Spinoff , Cenovus will not be overshadowed by Encana's operations - creating two leading and focused businesses, whereby the management will be freshly and fully incentivized to grow each company going forward".

For a further overview and summary on the Encana/Cenovus Spinoff or if you're interested in any other high-alpha Spinoff deal due to take place globally, click here for The Spinoff Report's Newsletter/Company Snapshot and Research.

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