Reaching the Peak

Brian Ferguson is almost perfectly decked out to play the part of the Stampede cowboy. Balding slightly but rugged looking, he

Beginning in 2006 and under the leadership of a new CEO, Randy Eresman (who promotes Ferguson to executive VP and CFO), EnCana goes through a series of equally dramatic changes. The company sells off the last of its properties in 22 countries overseas (including excellent assets in the North Sea). Then, taking the industry by surprise, the company announces an asset exchange with ConocoPhillips, through which the two companies form a 50/50 bitumen production and refining partnership. Now exclusively North American, EnCana announces that it will split into two companies, with the formal creation of the new entities taking place on New Year