Encana Corp (ECA.TO) Buy, Sell or Hold

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Encana Corp (ECA.TO)

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4.96

-0.23 (4.43%)

as of Jan 24, 2020, 9:00:00 pm Market Open.

267 watching

HOLD

On a longer-term basis, this is extremely undervalued given the properties they own but with gas selling in the low $3 the stock price is reflecting this. One of the best positioned companies to take advantage in the event of a turnaround in gas prices.

COMMENT

North American premiere player in natural gas resource plays. Wish they had a higher liquids content which they are trying to address. Stuck in the mud right now with being so focused on dry gas. Feels the 4.4% dividend is pretty safe, so you are getting paid to wait.

COMMENT

Into some base building right now but still has a slight downtrend to it. Nothing is driving this stock to get higher but when something is basing, the downside is limited and that is where he would really like to go in.

SELL

He would be a seller of any company that is focused 100% on natural gas. Natural gas inventories are way too high. Reserve levels are increasing due to new technology and demand is not there.

BUY

Depends on Nat Gas prices. He is pretty bullish. Reality is people are switching from oil to gas. Lots of new LNG facilities being built and there will be a normalization of prices. Buy now because when gas goes up ECA will have already gone up.

DON'T BUY

He has been negative on this stock for years, ever since the split. His model price is $13.24, a negative 35%. Will only earn $0.57 this year and $0.76 next year. Selling below book value, Dividend is not sustainable.

COMMENT

Very leveraged to natural gas. They have decided to focus more on liquid rich natural gas but a little late in the game. She would prefer Crescent Point (CPG-T) Arc Resources (ARX-T) or Bonavista (BNP-T) which gives you between 5% and 6%.

DON'T BUY

Now at a 52 week low. 4.6% yield is phenomenal for an oil company. Great management. The only flaw is that they are in the gas business. There is no hope for gas prices over the next year. She would own this one big time when the first LNG plant starts exporting. Canadian plants are scheduled to start in 2015.

DON'T BUY

Natural gas continues to languish. Some of their hedges at the higher prices are starting to roll off, which can hurt the stock even more. Not a lot of momentum in this stock and no catalyst for it to move.

DON'T BUY

A trade play? 4.25% dividend yield. At this point in time, the market rarely goes down and this one should have a bounce from here. All their $6 hedges are now rolling off. It is going to have a really tough time. Tourmaline (TOU-T) is the cleanest one going and the only one he would touch.

COMMENT

The major problem is that they made a bet on gas before the shale gas explosion in supply occurred. They will get their act together and gas will be worthwhile.

HOLD

Feels the dividend is safe. On the long term gas is a great thing. Half the price of Europe’s because you can’t transport it. LNG plants are being built globally. In 1.5 years you will start to see more gas being transported east, which is good for this company. If you can hold on for a few years, you’ve got a huge winner. 4% yield.

HOLD

One of the preeminent natural gas companies in North America. Doesn't feel gas prices will have a breakthrough for another 2-3 years.

DON'T BUY

Used to hedge a lot of their gas but those hedges are coming off a gas is at a very low price. There is lots of gas because of shale and LNG. If you are owning gas, you need a low-cost producer. (Prefers Tourmaline (TOU-T).)

DON'T BUY

Sold his holdings in this company. It's a fairly benign natural gas market in this company is pretty well 100% natural gas. Doesn't see a lot of production growth in the next couple of years.

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Encana Corp (ECA.TO)