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

COMMENT

Sees it going up in the long-term. Recently announced doubling production in the next 5 years, which has caused a problem for natural gas and share price. Fantastic inventory of projects with good positions in the shale play. Low-cost producer. Hedged about 60% of production at over $6 this year.

DON'T BUY

Split into 2 companies in 2009, Encana (ECA-T) with natural gas and Cenovus (CVE-T) with the oil sands. He sold all his Encana and put it into Canadian Natural Resources (CNQ-T) as he is very concerned about natural gas prices. Too much inventory. Doesn't think natural gas prices will go higher than $5-$6.

DON'T BUY

He is bearish on natural gas and he can see additional pressure on it. This company has not been enamoured itself with investors with its plan of growing gas production by 15% organically per year for the next 5 years.

COMMENT

The price of gas is like death at the moment. You are better off elsewhere. If you own, consider selling and diversifying.

COMMENT

Recently announced that over the next 5 years they plan to double their production capabilities in natural gas. Looking quite compelling on a price basis.

COMMENT

Covered calls. If you really think the stock is going to go down, he is not sure he would continue holding it. Alternatively you could buy a Put to protect yourself. On the other hand if you think it will be flat or go up slightly, look at a June or July option at the money.

COMMENT

Would think about selling his holdings if it went to $35.75-$36 again and trade down to something with a little bit more growth.

BUY

Doing well. Recently looks like it wants to break out. All we want to see is it cross $37-$38. It’s certainly on his favorite list.

BUY

Warming up to it. Natural gas seems to have gone through the moderating period. It could get a real premium valuation in here. He has been adding recently to the name.

PAST TOP PICK

(Top Pick Aug 25/09, Up 14.95%) Still a good long term gas play

HOLD

Has a fantastic position in the Montany shale. Building the gas plants. was going to sell but is going to hold on to it.

TRADE

Largest gas producer in N.A. territorially.

BUY

(Market Call Minute) Core holding. Loves the company.

PAST TOP PICK

(A Top Pick Jan 22/09. Down 37.5%.)

BUY

This is one way to play resurgence in gas prices. A very big and strong player in natural gas. He is playing it more through Daylight (DAY.UN-T), which has both gas and oil. Probably a decent time to get some gas exposure.

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Encana Corp (ECA.TO)