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

TOP PICK

One of the premier senior producers in Canada. Natural gas weighted right now but a great long-term inventory in the oil sands. Likes the deal with ConocoPhillips (COP-N) allowing them to refine bitumen without having to build their own upgrader. Good dividend.

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DON'T BUY

Likes this on a long-term basis, but right at the moment we are in a period where oil/gas prices are bouncing around at lows, particularly on the gas side. Storage is pretty full so he doesn't see a lot of upside in gas.

PAST TOP PICK

(A Top Pick Nov 12/07. Down 20%.) Of all the names in this space, this and Suncor (SU-T) are the best managed. You could pick away at this one.

BUY

(Market Call Minute.) Gas exposed and lots of growth. Best run Canadian company in natural gas. Good upside.

BUY

Good company. For energy plays, he prefers royalty trusts so that he can get a big income stream and sit on yield. If you are positive on energy prices going forward, this is very reasonable right now. Lots of reserve life.

TOP PICK

There has been a 3-year bear market in gas. Gas still makes tons of money at its current price. Very important to be in the shale plays. This company has so many of them in North America that it can asset allocate to the best project.

BUY

Prefers gas to oil. This one is large, liquid and well managed.

HOLD

Extremely well managed. Prices have been chopped by about two thirds. Got a boost with the Alberta government’s change to the royalty program, which will work out to about $1.8 billion. Mostly natural gas so won't be hurt as much as an oil.

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COMMENT

If you are willing to take an 18-month time horizon, this stock is at a 2 for 1 sale. He feels natural gas prices will move higher to the $8 range.

HOLD

(Market Call Minute.) Long-term hold.

PARTIAL BUY

Likes this one and if you don't own, you could start a position. 3.36% yield.

TOP PICK

Liquidity, large-size and large capitalization are important in tough markets. This is also a play on gas, which he expects to recover as we go into the winter.

TOP PICK

Embodies 2 types of oil business. Tight shale gas and oil sands. The oil sands is SAGD which is relatively low cost. Did a downstream deal without spending capital and got an outlet for their bitumen. Low debt. Well managed.

TOP PICK

Predicting a cold winter because of lack of sunspots. This is the gaseous exposure. Joint venture with Conoco Phillips (COP-N) gives them refining exposure as well.

TOP PICK

Great oil exposure, but focus in particular on 2 things. 1) Financial flexibility with their balance sheet and billions of dollars they have available to them for acquisitions. 2) Good exposure on natural gas and gas fundamentals are firming up.

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Encana Corp (ECA.TO)