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Commodities Briefing - Categorized | Energy, Investment, Market Pulse, Oil more

Commodity price plunge, credit crunch spur energy companies to rethink plans

Posted on 16 October 2008

From Resourceinvestor.com: Wobbly financial markets and tumbling commodity prices are causing major headaches for the oil and gas sector, with some players reconsidering the plans they made when the economic picture looked rosier.

EnCana Corp. (ECA) suspended Wednesday its planned split into separate oil and gas companies “given the uncertainty and volatility in the global financial markets.” It said it would not hold a shareholder vote on the restructuring, originally set for mid-December, “until clear signs of stabilization return to the financial markets…… Full Article: Source


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