Encana (ECA +1%) may be a takeover target after the departure of its CEO, Bloomberg speculates,...

|About: Encana Corporation (ECA)|By:, SA News Editor

Encana (ECA +1%) may be a takeover target after the departure of its CEO, Bloomberg speculates, after a bet on natural gas wiped out more than a third of the Canadian explorer’s value. Even as gas prices remain depressed, ECA’s gas-rich formations in Canada and the U.S. may appeal to companies looking to export the fuel to Asia.