$39bn Encana to Gain From Cenovus Spinoff, Says The Spinoff Report
LONDON & NEW YORK–(BUSINESS WIRE)–Encana Corp. (ECA) the leading North American Natural Gas and Integrated Oil Company, is to Spinoff its subsidiary Cenovus, which accounts for 55% of its Revenues.
According to Jim Osman, CEO of, The Spinoff Report (the world’s leading specialist that tracks and analyses Global Corporate Spinoffs and Special Situations) Encana will benefit for the following reasons:
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‘Big & Liquid’ Spinoff Stocks, but also; ‘Big & Not-Well Understood’.
NEW YORK–(BUSINESS WIRE)–TSR, the Global Standard and No.1 Specialist in the World is trusted and used by many of the smartest, Event-Driven and Value-Oriented Investment Funds around the World.
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Of the 40+ Spinoffs since Q4 2007, The Spinoff Report™ (TSR) Portfolio of Research has Outperformed the MSCI World Index and S&P500 by over 70%.
Ryan Mendy, TSR’s COO, noted that, “Serious investors are increasingly working with us because they acknowledge the distinction and edge we add to their investment decisions, exposing each Spinoff’s catalysts & risks ahead of its event date – Globally.”
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INVESTING IN CORPORATE SPINOFFS is one of those strategies that seem like they shouldn’t keep working. The academic literature has long established that spinoffs outperform and many hedge funds fetishize them.
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Of the 40+ Corporate Spinoffs that have taken place in the past two years, The Spinoff Report (TSR) portfolio from its high conviction spinoffs has outperformed the S&P 500 by 62%. These include chosen conviction calls that were both researched and subsequently included in the TSR Portfolio from November 2007 through August 12, 2009.
Commenting on the performance, George Budden, associate partner at Deloitte said, “This supports our experience that Spinoffs can provide long term value creation opportunities.”