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

BUY

He is buying the gas trusts since they give a higher yield while he waits. This is a theme of his. Nothing wrong with Encana. You risk is that the gas market takes longer to get going. He is optimistic on gas price this winter. He would be a buyer then.

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WAIT

Likes it and would buy it at these levels. Is down because there is so much gas around. Who will be able to get through the rough times. ECA will be able to. It will be some time.

BUY

Likes it for the longer term. Earnings today below expectations. Nat Gas appears to have an over supply into 2011. Beyond that it should tighten up. It has to be above $4 and even $5 or better. This is a good place to wait for Nat Gas to go up.

COMMENT

If you are buying for a seasonal trade, now is just about the time to do so. Gas is running about $3.80 and normal peak should be $7-$8 but expect it will only be $5-$5.50 this winter. Stock should go up but you are going to have to be nimble.

DON'T BUY

Doesn’t see good things happening to Nat Gas over the next 12 months. In 10 years it might be a great asset to be in. Switch into oily-based companies.

PAST TOP PICK

(A Top Pick Oct 2/09. Flat.) Gas prices have not recovered. Turnaround will come but taking a lot longer than he thought it would.

HOLD

Undervalued. If your outlook is 3 years or longer, there is a lot of value.

PAST TOP PICK

(A Top Pick Sept 28/09. Down 8.26%.)

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PAST TOP PICK

(A Top Pick Aug 25/09. Down 1.83%.)

TOP PICK

(A Top Pick Nov 19/09. Up 1.2%.) Cenovus (CVE-T) split worked. Some day natural gas will go up in price and will make a lot of money being a low-cost producer. Yielding 2.5% now and will be able to grow that over time.

SELL

We have way too much supply of natural gas and doesn't see it improving until all our cars are running on natural gas. Would switch into oil sands and oil company plays.

PAST TOP PICK

(Top Pick Sep 28/09, Down 8.3% total return) They did a great job of hedging and posted some great numbers. Had best potential going forward, but issue is that it is becoming increasingly difficult to hedge. They want to grow production but everyone is scratching their heads.

BUY ON WEAKNESS

Opportune time to start looking at natural gas. Expects gas prices to do better between now and early next year. Do you want big producers or would you prefer to be paid while you wait? His strategy is to get paid while waiting so prefers Enerplus (ERF.UN-T) with the 9% yield or Vermilion (VET.UN-T) with 6%-7% yield.

TOP PICK

Nat Gas is unusually inexpensive at the present. Inventories are full. Anything to do with Nat Gas has been punished. He sees it as compelling. Production could increase significantly (20%) over the next few years. Reasonable yield for a production company.

PAST TOP PICK

(Top Pick Aug 26/09, Down 2.05%) Sold it. Natural gas will stay on the lower end of the $4-$6 range.

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Encana Corp (ECA.TO)