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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: CommanderCricket who wrote (51898)10/20/2005 2:29:56 PM
From: tom pope  Read Replies (2) of 206325
 
This sounds pretty definitive



EnCana not aware of any takeover bid
Thursday October 20, 1:57 pm ET

CALGARY, Oct. 20 /PRNewswire-FirstCall/ - EnCana Corporation (TSX, NYSE: ECA - News News) advises that it is not aware of any intention by any party to make an offer to purchase all of the issued and outstanding shares of EnCana, nor is EnCana in discussions with any party with respect to the purchase of its issued and outstanding shares.
The company's board of directors and management team believe that EnCana's continued independence is the best way to create long-term value for shareholders.

"When EnCana Chairman David O'Brien and I announced the creation of EnCana Corporation three and a half years ago, our vision was to build a flagship, Canadian-headquartered energy company that would be one of the strongest in our industry. The name EnCana was chosen from the words 'energy Canada'. Since that time, investors have realized a total shareholder return of approximately 200 percent as employees delivered top-tier production and reserves growth. EnCana has taken an important place in North American's energy supply, and has become a symbol of Canadian innovation and competitiveness. Today, EnCana is extraordinarily well positioned to continue to create long- term shareholder value while delivering on our corporate mission of providing Energy for People," said Gwyn Morgan, EnCana's President & Chief Executive Officer.

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