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

Gas has come back to $7. The key is that they are a North American player. They have the catalyst about busting up the 2 businesses and thinks you can own both pieces going forward.

BUY

Gas prices should rise in the fall. Almost through the seasonally weak period. Storage is a little below 5 year average. Pullback was quite large and it looks statistically cheap.

BUY

Canadian Natural Rsrcs (CNQ-T) would probably be his Top Pick in the oil sector on the Canadian side but he also has positions in Encana (ECA-T), Suncor (SU-T) as well as Precision Drilling (PD-T).

COMMENT

Chart shows parabolic upward movement from January to June. When support is broken, downside tends to be severe. Natural gas is currently in the $8 to $8.50 area. If this holds and muddles around it could be pretty attractive. You might be better to buy in the fall and look for price appreciation in the new year.

HOLD

You are dependent on a single commodity. With natural gas having a severe correction, he would wait for further proof if this correction is the end of the cycle or not.

WAIT

If they level out, then buy else wait and see how far commodity prices come down.

TOP PICK

Thinks oil/gas stocks are going to rebound. Good entry point around here but in the near term you might be able to get a better price. Watch for a rebound back to the old high.

BUY

Model price is $79.65, about 8% positive differential.

TOP PICK

Best in breed. Likes their new strategy of splitting the company, which will unlock value over time.

COMMENT

Drop in the stock has far less to do with the company than it has to do with the sector. Has now pulled back in to the last breakout point. He uses gas and oil futures to hedge his holdings. Likes this company as they did such a good job in adding reserves.

BUY

Recently announced they will split into 2 companies, natural gas and oil. This should unlock a lot of value in the longer term.

COMMENT

Every energy group has declined basically 20% to 40%. Trading at about the cheapest multiples that you will see per their underlying cash flow. He is not long or short these right now. When oil prices settle and start to build strength, then you'll want to be back in these names again.

BUY

Like so many energy plays, stock dropped off considerably. Just above the 200-day moving average. Positive news on energy indicates support on the upside. Rally in the first part of the year was built on a lot of enthusiasm. Don’t think you will see the same in another rally.

BUY

Will be splitting into separate oil and gas companies. Pure plays tend to get premium multiples. Cheap right now.

BUY

Would lump it in with all the other energy names. You have to own them in this big sell off. At this price you have a great opportunity. Mid and long-term outlook for this company is very good.

Showing 691 to 705 of 1,420 entries

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Most Recent Experts

Chris Blumas

at Raymond James Investment Counsel Ltd.

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Jim Cramer - Mad Money

CNBC

John Zechner

J. Zechner & Assoc

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

Encana Corp (ECA.TO)