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

TOP PICK

Feels the Bear is done and we are in a new Bull market but it will be long and agonizing. Wants a big name to Buy and Hold where money is going to flow to.

DON'T BUY

Doesn’t see gas breaking out of the $4-$6 range for the next year or two. ECA is a good long term gold. Typically try to hedge production so they can find their cap-x program. Likes energy generally and if she decided to play gas, she would use juniors with more yield. Like DAY-T

PAST TOP PICK

(Top Pick Apr 20/10, Up 9.70%) Expects gas to trade in $3-$6 range and to be volatile. There is lots of gas around and the demand has not picked up yet. Over the next 5 years government will encourage dirty power plants to convert to Natural Gas. Unlikely we will see any nuclear development for 5 years.

BUY

Gas exposure has caused it to lag a little. Natural gas is one of the few global commodities that has not gone anywhere. Over the next couple of years we will start to see an improvement in gas prices and that will be positive for them. This company has done a good job of hedging its gas production.

BUY

Longer term still has a good future. 4th quarter wasn’t quite what was expected but their finding and development costs were quite low. Announced a joint venture with Petro-China, which was a positive move.

DON'T BUY

Fabulous company but almost pure natural gas. Probably too early to be buying straight natural gas companies.

DON'T BUY

This was a great Canadian Company but someone convinced them to split up the company and sell the royal assets. He would be cautious of this one. Management seems to him not certain about the way they want to go.

COMMENT

Outlook if the PetroChina deal goes through? Positive move for this company and other players who have large resource bases.

COMMENT

Likes this one and the whole sector. Has done a great job in hedging their natural gas exposure with almost 1/3 hedged at $6US for 2011-2012. Sold some gas properties and are going to add some oil. Good way to diversify your oil/gas holdings.

TOP PICK

Is one of the largest operators with one of the most significant land basis in N.A. They can drive efficiencies down to where none of their competitors can. Doesn’t think the current price of Gas is sustainable. Any increase in Natural Gas will have a very positive impact.

HOLD

Has had a bit of a run lately, largely because people think they are going to do a big deal with a Chinese oil/gas company. Huge land position. Probably the best positioned gas company in North America. Expect you’ll be able to Buy lower.

BUY

Likes the company and their strategy of focusing on unconventional gas. Doesn’t see any downside in natural gas. If you have a 2-3 year time horizon, you will be well rewarded.

BUY

No way gas can stay at this level for the long term. The turnaround will probably take a little longer than everybody thinks. Gas should go to $6 in the 4-6 year time horizon. It may be dead money for a while.

DON'T BUY

Doesn’t see natural gas going a lot higher in the next couple of years. There is still tremendous interest in the shale gas plays and fracing.

BUY

One support for this is that it is loved by a lot of portfolio managers. The worrisome thing is that it has dropped under its support level. Chart shows a falling wedge and it will probably break out to the upside. You could Buy it here but put your stops right under its lows.

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Encana Corp (ECA.TO)