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NFX - Encana -15% as investors vote thumbs down on $5.5B U.S. expansion
Newfield Exploration Company
Encana (ECA-15%) plunges to a 52-week low, suffering its biggest ever intraday drop, as investors revolt against the $5.5B all-stock deal for Newfield Exploration (NFX+12.4%) over dilution concerns and the reversal of the company's years-long strategy of slimming down its oil and gas portfolio.
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