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

Encana Corp (ECA.TO)

4.96

-0.23 (4.43%)

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

267 watching

DON'T BUY

Great company but a pure natural gas play. Natural gas remains in the doldrums and it looks like there is a lot of supply coming onto the market in the next several years. Prefers Tourmaline Oil (TOU-T) and Peyto Exploration (PEY-T).

DON'T BUY

Natural gas is the place to be if you are a patient investor. Splitting themselves in two was a horrible decision. Prefers Bonavista. Would take cash flow of Bonavista over the uncertainty of ECA.

COMMENT

Tends to fall natural gas prices. Well-managed and have an active hedging program. Feels that gas prices are probably near trough levels. If you are willing to hold for a couple of years, this is probably an attractive entry level.

PAST TOP PICK

(Top Pick Sep 9/10, Up 2.31%) Natural gas prices are holding this back. This was to be a two-year play. It is going to go sideways as long as nat gas prices stay where they are. Some day this is going to pay off. They have great land positions. Still adding for new clients.

HOLD

Great company, but is going to be range bound until there is more visibility on natural gas. Their joint venture with PetroChina just fell through. Expect they will get rid of some other things to shore up their balance sheet.

DON'T BUY

Likes natural gas, but not now. If you want it as a hold for 3 years, he would wait 3 years before buying. Not so sure that the amount of supply coming on stream is going to be cleaned up in the next 2 to 3 years.

BUY

This has been a frustrating story because natural gas has been basically sideways for so long. He feels natural gas is going from weak hands to strong hands. It's the Exxon’s (XOM-N) and Chevron's (CVX-N) that have been accumulating the properties. This company has a 2.5% yield so you are being paid to wait.

DON'T BUY

This is the play if you want to be big in natural gas. He is not bullish on natural gas. We are well supplied for a period of time and doesn’t think the price will go a lot higher.

TOP PICK

A way to play natural gas without having to use an ETF. Chart shows a terrific base from 2009 and now is advancing. This company didn’t suffer that much on the last correction.

DON'T BUY

Have huge gas holdings in the Monte shales in Alberta and arte excellent at producing that gas but headwinds are a bit too strong. Wants better gas prices before he steps in to this one.

COMMENT

Almost a pure play in natural gas and in the short run, natural gas is an unexciting place to be. Long term natural gas is going to prove to be a good commodity, but for long term investors.

DON'T BUY

He has avoided natural gas. His gas exposure has been in liquid rich gas such as Peyto (PEY-T) which looks quite good. There continues to be a tsunami of new gas production coming on stream.

BUY

Current price is a great entry point. Expects gas will get to the $6-$8 range in 18 months, this could be a $45-$50 stock. Blue chip with lots of assets to back it.

HOLD

Is the natural consolidator in the business. Good balance sheet. Good land base. They are in a great position. They dropped some hints in their AGM that they would do some joint ventures and look at more oily plays.

TOP PICK

Natural gas is not popular right now. 95% of their product is unconventional natural gas but they have some of the best properties and best plays in Canada. Market has not given them credit for the incredible deal they did with Petro China on the joint venture on some of these properties. Expecting gas prices to improve in future.

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Encana Corp (ECA.TO)