ECA - Encana Bought Newfield For A Song
Last week was a pretty interesting time to be a shareholder of Newfield Exploration Co (NFX) and/or Encana Corp. (ECA). The latter agreed to acquire the former in a multi-billion dollar, all-stock transaction in what the management teams of both firms believe will be an incredibly-accretive deal by as soon as the second half of next year. After looking at the details of the transaction in depth, I can only conclude that Encana got Newfield for a song.
A look at the transaction
At its core, the transaction between Encana and