- Encana’s success with spinning out its oil and gas royalty assets is being studied by Canadian Natural Resources (NYSE:CNQ) as it considers options to monetize its royalty properties before year's end, CNQ President Steve Laut says at the company's investor day.
- Laut doesn’t say if CNQ would keep a controlling stake in the company if it decides to spin the assets into a new entity as Encana (NYSE:ECA) did, “although Prairie Sky does look pretty good."
- Indeed it does: PrairieSky Royalty has climbed ~40% on the Toronto Stock Exchange from the $28 price it carried when Encana floated 52M shares three weeks ago.