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

PAST TOP PICK

(A Top Pick Oct 21/08. Up 3.66%.) Held up remarkably well given that it is a natural gas producer. Has oil sands to look forward to as a future driver.

COMMENT

Well managed and not very expensive. Heavily exposed to natural gas. He is not looking for much change in natural gas prices over the next 6 months. Expect they will bounce back strongly in 12 to 18 months and this company will do very well. No reason to jump in right away.

HOLD

Not positive in the short term (3 months) as gas outlook is tough. More positive on 1 year out. One of the best companies at hedging gas.

DON'T BUY

Has been writing lately because of its 80% gas weighting. You'll be able to get it cheaper down the road.

BUY ON WEAKNESS

Volatile but longer-term this is a premier producer in North America. Way ahead on technology. Hedged a good part of their production. Because of weak gas prices she expects downward pressure on these companies. She would buy more on significant weakness.

BUY

Natural gas is holding it back. A split between their oil and gas components is not likely in 2009. They hedged about 1/3 of next year's production at about $6.39US and this will help protect their cash flow.

TOP PICK

Sometime next year he expects a very sharp rebound of natural gas prices and should go back to the $6-$8 range. Very good hedges.

TOP PICK

Could easily see another $6 if there is a firming of natural gas prices. Another great potential is if they spin off their oil assets. Sold a third of next year’s production at $6.20. Great shape to expand their activity in North America next year.

BUY

If natural gas goes any lower there will obviously be a supply problem. He is expecting natural gas to go a lot higher. This is probably the safest play.

COMMENT

He is a little concerned because it is mainly a gas producer. They have covered themselves by hedging through 09 and into 2010. He has been lightening up his holdings any time it has gone through the $60's and reinvesting into PetroCan (PTA-T), which is more oily.

COMMENT

Supposed to be some clarity on the splitting of oil and gas assets after they meet in June. Have a very meaningful position in 2 shale plays in the US.

COMMENT

Natural gas pretty well has to turn around in price because at these levels, nobody's drilling for gas and there is no new gas being found. There is a 29% decline rate in the sedimentary basin. This company is the leader in natural gas and has had a wonderful hedge program in the last year.

TOP PICK

2/3 of gas production is hedged at $9. One of the few companies that have been successful at locking in production. Lots of low-cost opportunities in unconventional natural gas exploration. They'll continue to dominate this field and bring on production at very attractive rates.

COMMENT

Caller is considering exchanging this for Talisman (TLM-T). Not a bad idea. Encana has had a great move here. More fully valued than others out there.

PAST TOP PICK

(A Top Pick Aug 20/08. Down 17.96%.) A core stock and will hold for the long term. As it goes down he will Buy more. 3% dividend. Could drop further as their hedges come off.

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Encana Corp (ECA.TO)