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

Spun off their oil into Cenovus (CVE-T) and both are trading around similar values. Cenovus Looks like a lower growth oil company with a little bit too much on the downstream business. Prefers others. Sold his holdings.

BUY

Splitting their natural gas and oil assets into 2 separate companies on Dec 7/09. Expect this will be a good thing for investors.

COMMENT

Will be splitting Dec between oil and gas. Crude will be under Cenovus (CVE-T). He doesn't like gas. Thinks there may be some arbitrage taking place. He would wait to see how it unfolds.

HOLD

A Premier Canadian company. Does not like the idea of splitting their assets. He likes the fact that they have oil and gas. He is going to keep both pieces. You want to own this company for 10 or 20 years.

TOP PICK

Splitting between oil and gas. Gas will be highly leveraged with great assets in the US with growth in production from shale gas. Oil side will have some gas (will probably be sold), oil sands exposure and partnership with ConocoPhillips (COP-N) on oil sands and US refineries.

PAST TOP PICK

(A Top Pick Oct 21/08. Up 11.27%.)

HOLD

(Market Call Minute.) Will be splitting up Dec 7. Cenovus (CVE-T) has been a disappointment because of top line production declines.

PAST TOP PICK

(A Top Pick Aug 8/08. Down 15%.) Natural gas is not a place to be. This has held up better than most, as it is one of the best in the world. Prefers the oil sector.

WAIT

Fundamentally a pretty good company but they will be doing this split at the end of this month and he is going to wait, have a look and see what happens. There is too much natural gas in the short term.

PAST TOP PICK

(Top Pick Nov 24, 2008, Up 21%) Still likes it post-split, but preferred it as one company.

BUY

Will be splitting Dec between oil and gas. Crude will be under Cenovus (CVE-T), which he thinks is fully valued at around $26-$27 but likes their gas because they did an incredible job of hedging and have locked in profits.

PAST TOP PICK

(A Top Pick Nov 10/08. Up 6.8 %.) Split into 2 parts, Encana for gas and Cenovus (CVE-T) for oil, which he likes.

BUY

Splits at the end of the month. Thinks it’s a great company and will own both companies when it splits.

COMMENT

Currently in the process of splitting the company in 2. By the end of this month there will be Encana, which will be natural gas as well as Sunovas, their oil play. This will be an advantage to present owners. Target price would be $70-$75 of which 47% will be from Sunovas, the oil sands business.

WAIT

(Market Call Minute.) Wait until after the company splits.

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Encana Corp (ECA.TO)