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

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Daily Stock Opinions and Ratings

Encana Corp (ECA.TO)

4.96

-0.23 (4.43%)

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

267 watching

HOLD

2.5% dividend. One of largest of north american gas producers. A core holding.

PAST TOP PICK

(A Top Pick Feb 6/09. Up 20.7%.) Still a buy.

COMMENT

Thinks this will do quite well over the next 2 to 3 years. Prefers the smaller caps, which will give more opportunity.

BUY

Likes it. Exposure to 10 of the best resource plays, some of the most economical gas in North America. Considers it a core holding of theirs.

DON'T BUY

Likes oil and gas stocks at no more than 5 times cash flow. ECA is there. Cold weather is helping gas prices right now. He prefers Toromont TIH-T, which is less volatile.

HOLD

Split into 2 companies with this one retaining natural gas and Cenovus (CVE-T) keeping the oil sands assets, some gas and downstream refining. There has been a pop in the natural gas market but he is still sceptical of it. If you own both, he would hold.

COMMENT

Have great quality, long life natural gas assets. This will allow them to continue to garner a premium multiple.

COMMENT

Natural gas faces some interesting challenges from increasing shipments of LNG and record storage across North America. On the other hand, as oil goes up gas becomes more attractive. Not on his buy list.

BUY

Has been rallying the last couple of days because of an acquisition they made. Speculation that it could be taken over. Premier Nat Gas company in Canada. It’s a good holding and he is watching it and it would be the first one he would buy.

BUY

Pure natural gas play now. While we are in the doldrums of the natural gas market, this is an opportunity to acquire positions, as it will probably be the premier natural gas company in North America.

BUY

Largest gas producer. Recently separated off its oil sands property into Cenovus (CVE-T). Will do well when gas rises again so long-term it's a Buy.

PAST TOP PICK

(A Top Pick Nov 10/08. Down 2.26%.) Gas with large amounts of money spread over a large geographical area. 5.8% dividend. Not keen on gas at this time. Good growth record.

BUY

Encana split into 2 separate companies Encana (ECA-T) and Cenovus (CVE-T). If you combined the 2 prices, this would be as cheap as they have been in quite a while. This one is the gassy side but this is the premier company and it will have growth despite the price of gas.

TOP PICK

Recently split into oil and natural gas companies. He likes natural gas and thinks it could average $7 next year.

HOLD

Splitting their oil and gas assets into 2 separate companies. If you own, continue to hold as the split will allow each section to be properly valued and give a higher value. Could also be takeout targets.

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