Stockchase Opinions

Paul Harris, CFAEnCana Corp. (US)ECADON'T BUYApr 25, 2013

He sold it soon after it split up. Company is trying to rationalize their assets, selling some off. He prefers CVE-T. Prefers TOU-T for Gas.

$18.65

Stock price when the opinion was issued

$3.79

As of Jan 24, 2020. Market Open.

oilgas
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BUY
Loves oil. Long term it is a great opportunity. Likes it for the long play.
BUY
(Market Call Minute.) Fabulous. Simply the best gas company there is. Long-term investors should hold this. Will produce free cash flow and free cash flow growth for many years.
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He likes energy. Encana is a proxy for the energy sector. Thinks gas will be stronger then others. They are interesting in particular because they are involved with a couple of gas plays. Likes companies that are generating cash flow, and don't need to raise capital and don't need to raise pricing power.
BUY
(Market Call Minute.) Have the lowest finding costs and unbelievable land-base.
BUY
The premiere of way to play natural gas in North America. Will probably be under pressure for as long as natural gas prices are under pressure. Great buy for a long-term hold.
DON'T BUY
Doesn't like. No material exposure to oil sands (which he likes). Significant hedgers in the past.
BUY ON WEAKNESS
Would be a buyer in the $50 area. Have done a very innovative deal with a US company with regards to refining of some of its products. Very focused management. Fabulous resources.
BUY
The model price is $72.63, a 29% positive differential.
TOP PICK
Stock has great potential with alot of growth potential. A very focused company on gas. Has a lot of heavy oil in the Foster Creek area and sees a lot of growth potential there.
TOP PICK