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

Chart shows a rounding situation and seems to be range bound from $33-$37. Likes it from a fundamental basis. Would be comfortable buying at this price. Has support at around $25 and low $20's.

HOLD

Predominantly natural gas. Performance has not been spectacular as well as languishing issues of natural gas prices. Did relatively well last quarter because of their hedging programs. Not expecting anything great over the next few quarters.

COMMENT

From a 3-year perspective, there is US legislation in place that puts heavy penalties on coal power plants so they are going to have to do something. Feels natural gas will be the key substitute.

DON'T BUY

The pre-eminent natural gas company in Canada. Gas stocks generally have not participated because of the low natural gas prices over the last couple of years. Could be a good contrarian play but in the short term, until there is some semblance of firming of prices, would prefer others.

DON'T BUY

There are real structural issues for natural gas. Demand is going down, efficiency in getting it out of the ground has increased. Switched into CNQ.

PAST TOP PICK

(A Top Pick May 7/09. Flat.) Natural gas demand is increasing. Long-term it should still work.

BUY

A great run company over time, well managed. It’s a natural gas play and he is bullish on Natural gas. Making higher lows and bouncing against $37. At the bottom it its wedge. He is very positive on it. Longer term investment.

BUY

(Market Call Minute) Sell off was overdone. Likes focus on Nat Gas. This is a nice entry point.

BUY

Thinks the market didn't like them upping their spending so it fell off. Little more positive on natural gas prices now.

HOLD

(Market Call Minute.) Generally he loves the stock but doubling production over the next 5 years makes no sense with gas price where it is.

BUY

Gulf problems have highlighted how natural gas is probably the commodity that will win. Longer term it should start gaining share. Very conservative, safe way to play natural gas. Have done very well in managing their capital budget by hedging a lot of natural gas production at more than $6.

BUY

If you like natural gas, this is a very good investment. Very broad production base. Not the lowest cost producer, but certainly a low cost producer. They'll be able to weather short-term downturns and will probably give you long-term growth.

PAST TOP PICK

(A Top Pick Aug 26/09. Up 18.81%.) Sold this in February.

PAST TOP PICK

(Top Pick May 7/09, Up 10%) Thought the return would be much higher. It would have been if the Nat Gas price had taken off.

PAST TOP PICK

(A Top Pick July 23/09. Up 14.82%.) Great company to own.

Showing 496 to 510 of 1,420 entries

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Encana Corp (ECA.TO)