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

Recently reduced his position. If gas stays low, a lot of their hedging rolls off. Wants a really high quality gas investment. Gas is still valuable but there is too much of it. (See Top Picks.)

WAIT

Give it a few more weeks, after tax loss selling. It is primed to go up. Seems to be building a base where it is.

BUY

Not sure but they could be heavily into natural gas liquids, which would be helpful to them. If you are prepared to take a 1 to 2 year view, this is a first class company and you should be well rewarded.

STRONG BUY

Very good company and quite compelling at these prices. Could be cash-flowing in excess of $6 in the next year or two. Great assets. Out of favour because of the natural gas exposure.

DON'T BUY

Has trouble buying any gas stock right now. If you were going to Buy, this would be the season. Very little demand and too much supply.

COMMENT

Feels natural gas is at rock bottom. In 2 to 3 years there will be significant US legislation regarding emissions on coal fired power plants, which will create a switch to natural gas.

WATCH

Need a colder than average winter to make natural gas prices go higher. There’s lots of supply. If there is not a cold winter, you are done until hurricane season next year.

WEAK BUY

More of a pure play than TLM, which is his choice.

SELL

Model price of $18.95. A distance above its model price.

WAIT

The supply response has been too strong. Don’t rush out and do it. Go with what is working right now. He wouldn’t sell it, but wouldn’t buy it right now.

BUY

Drillers are drilling just to keep their leases. Analysts have to start using lower natural gas prices in their analysis. $30 is support and $37 is resistance. It just dropped below support. He would look for it to go up to resistance. Don’t hold past December. It IS in its season.

BUY

Dividend yield is very safe. Have a good hedging position next year and are the most cost efficient operator. Good stock for the 2.9% yield alone and he would expect a 15%-20% appreciation next year on an uptick in gas prices.

HOLD

If you own, she wouldn't sell when it's below $30. You need a longer-term positive outlook on natural gas. Good yield.

PAST TOP PICK

(A Top Pick Nov 19/09. Down 4%.) Announcement of curtailing production is positive. Pays roughly 3% yield.

DON'T BUY

The market is very disappointed in their strategy. They made a decision to take their foot off the accelerator. They have a good hedging program. It’s interesting at these prices if there is a bounce off the lows for gas prices.

Showing 466 to 480 of 1,420 entries

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Most Recent Experts

Chris Blumas

at Raymond James Investment Counsel Ltd.

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Jim Cramer - Mad Money

CNBC

John Zechner

J. Zechner & Assoc

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

Encana Corp (ECA.TO)