Bill MacLachlan
EnCana Corp. (US)
ECA-N
TOP PICK
Sep 23, 2005
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.
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.
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.
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.
(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.
A lot going on with them right now. Possible lawsuit against them. Have broken a downtrend. It is positive. Season tends to be strongest from Sept 5th to Dec 21 for Nat Gas. Quite positive. Not his favourite play but not a bad play at this point.