It's been a long time coming, but EnCana
Back in May 2008, when this plan was first floated, I suggested that Fools avoid the initial share price pop, as you'd likely "get a better entry point some time in the next eight months or so." That understated the severity of the sell-off to come, of course. The prespin EnCana later traded hands in the mid-$30 range. At that price, you got Cenovus Energy
The mortals who hid in their bunkers during the dark hours of the bear market are now faced with the prospect of picking up Cenovus shares at a less deeply discounted $24 per share. That's not to say the opportunity to profit from this spinoff has necessarily passed you by. Let's see what this company brings to the table.
Cenovus is an old hand at oil sands and heavy oil production. The firm's Foster Creek project -- one of two key assets that's joint ventured with ConocoPhillips
While you might think of companies like ExxonMobil
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