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

BUY

Like all the oils, they are starting to trade around 4X cash flow so this is usually an entry point en masse for oils. Because this is one of the senior producers, they will probably have a bigger following by institutions.

BUY

(Market Call Minute.) Market is going to go higher on natural gas and oil in general.

TOP PICK

(A Top Pick Jan 22/09. Up 17.45%.) One of the biggest exploration and producers in North America. Expect gas will go down further in the next few months but recovery will be equally strong.

HOLD

(Market Call Minute) Diversified giant in gas.

PARTIAL BUY

This is a must-have in a portfolio as a long-term hold. Has been ahead of the curve in every way, strategically and operationally. Won't be much visibility for natural gas for most of this year but a great time to pick away and build a core position.

DON'T BUY

Has done surprisingly well given that natural gas is struggling and industry demand is down. They benefited from having good hedges. Short-term outlook for gas is not great.

BUY ON WEAKNESS

(Market Call Minute.) A Hold at this point and a Buy on weakness.

HOLD

(Market Call Minute.) More gas than oil so wouldn't buy.

TOP PICK

Biggest gas play in North America but is a virtual integrated with its joint refinery venture with Conoco Phillips (COP-N). Also has oil sands exposure.

BUY

A stock that will probably move a little less in this market because of large exposure to natural gas. You probably have to wait for the next heating season for recovery. Gas storage is at all-time highs. It will correct because drilling activity has fallen off a cliff. Great long-term holding with really good long life assets.

BUY

Doesn't see any problems with buying oil at this time. Commodity stocks have a much better valuation now than they did a year ago. This is a good start. If you are building a larger portfolio, you may want to have 2, 3 in the energy sector. 3.86% dividend yield.

COMMENT

Likes the sector and likes the big plays, but the only drawback with this is that he sees more of a recovery in oil than in gas right now. We are getting into a short-term glut on natural gas production. He owns it and likes the sector. Could see a 20%-25% rate of return.

BUY

The problem right now is that it does not have a big product mix. Mostly gas and gas liquids. They have traditionally hedged natural gas sales. This is a “must hold” for what will eventually be the resurgence of resource prices.

COMMENT

Why is this stock going up when gas is dropping? Large Cap name and in tough times it will get more institutional support.

BUY

Because gas is so low, there is no justification for companies drilling. This company has hedged a fair amount. Expects gas will head back more towards the $5-$6 area. With the new shale discoveries, this will probably put a cap on prices. 4.25% yield.

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Encana Corp (ECA.TO)