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.
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.
(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.
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.
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.
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.