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

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Encana Corp (ECA.TO)

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4.96

-0.23 (4.43%)

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

267 watching

DON'T BUY

Neutral on this stock. Current and next year's growth seems a bit under whelming. Earnings momentum is not extremely strong. Natural gas long-term is over sold and short-term overbought.

PAST TOP PICK

(Top Pick Jun 16/09, Up 15% total) Likes company but sold to move to several oil and gas stocks that had better potential. Would buy CNQ at this point.

BUY

Slight bull on Nat Gas and this is about as good a name as you can pick.

COMMENT

Predominately all natural gas. At $4, gas prices are at trough level so longer-term they should come up. If you want gas exposure this is at a good level. Very financially disciplined. Intend to grow production at 10%. Hedged production this year at $6 and $6.50 for 2011.

DON'T BUY

Doesn’t see a catalyst for Nat Gas to go higher. CNQ would be preferred if you want energy.

PAST TOP PICK

(A Top Pick May 7/09. No change.) Still believes in its long-term prospect. The pre-eminent gas explorer/producer in Canada.

PAST TOP PICK

(Top Pick Aug 26/09, Up 9.8%) Selling because nat gas prices staying depressed, so using as a source of funds.

COMMENT

Had a sharp downdraft when management announced a substantially increase of CapX to drive more gas into and oversupplied market. 2.5% dividend. He trades this one to make profit.

TOP PICK

This is a pick for 12 months from now. Thinks Natural Gas prices are probably in a bottoming phase. ECA has low costs and is in Canada and the US. A year out Nat Gas may be rising faster than oil.

PAST TOP PICK

(A Top Pick May 7/09. Down 3.4%.) Split the company into oil Cenovus (CVE-T) and gas. Unconventional gas is growing faster than anyone thought it would. He is looking for a turn in gas prices next winter.

TOP PICK

(A Top Pick July 234/09.) Gas. If you are going to be in a commodity that is under priced and is going to have a big move, you want to be in ones that are big and liquid. Reasonable valuation.

DON'T BUY

A benchmark name in the gas world. He sold his shares because he is bearish on gas. Earnings profile is very dependent on locked-in and hedging it becomes harder.

DON'T BUY

Large-cap gas stock and will trade with the price of gas. Seasonally strong for oil but seasonally weak for gas, so she prefers oil.

DON'T BUY

Natural gas. His model price is about where the current price is, around $30. More value elsewhere. (See Top Picks.)

STRONG BUY

Impacted by weakness in natural gas. Feels market has misinterpreted signals such as 1) Exxon Mobil’s purchase of XTO, big gas player in the US and 2) Encana’s intention of doubling production in the next 5 years.

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Encana Corp (ECA.TO)