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 ON WEAKNESS

This has come off a bit but it could come off a bit more.

BUY

(Market Call Minute.) Solid cash flow is very strong.

TOP PICK

Natural gas is trading at a huge discount to oil on an oil equivalent basis. It could still pull back this summer but he sees natural gas having a big rally over the next several years. They have been prudently hedging some of their production.

BUY

Trading around 6X cash flow and should be trading higher. It is the most levered to gas. Had flat production in 06 versus 07 but there is up production going into 08.

TOP PICK

Natural gas has broken out of its own bear market. This is Canada's largest natural gas producer. The whole area looks very strong and could be making a nice long-term uptrend here.

WEAK BUY

(Market Call Minute.) If you are interested in large caps and you think natural gas will continue to move up it’s a Buy but feels there are better opportunities in smaller companies.

WEAK BUY

It’s a liquid name. Have a positive outlook in the gas sector, therefore optimistic on this stock.

BUY

Likes it a lot. Looking at energy with a lot of concern. ECA is one of his long names. He likes call options so doesn't mind if it doesn't go up.

TOP PICK

It’s broken into new all time high territory. There is a lot of interest in this stock and buyers. Stop loses should be around $75

TOP PICK

Finally being recognized for the very long-life reserves it has in unconventional gas production. Has strengthened its determination to return value to the shareholders, which can be seen in its dividend policies and share buyback policy. Has hedged part of its production in gas assets at over $8 a share as well as $72 a barrel for its oil. Quality management and reserves.

TOP PICK

Was in a roaring bull market, went sideways for quite a long time and has now just broken out to new highs. He can see no resistance from here and would put a stoploss at about $58, with the right to raise it.

COMMENT

Likes the gas stocks better than oil. Gas is going up on real fundamentals, while oil has a lot of speculative fever. This is the highest quality company in gas.

TOP PICK

Mainly gas driven. About 53% of its revenue is Canadian natural gas with a lot of that in the very exciting Montney gas play in NW Alberta. About 32% gas from the US, mainly Wyoming. Relatively small oil holdings. (Would treat the Top Picks as a Watch rather than a Buy.)

COMMENT

Largest natural gas player in North America. The class act in the natural gas business. Feels natural gas prices will be averaging $9 in the next few years with spiking prices to $12 or more. Can see a takeover potential, as a lot of major international companies are not growing.

BUY

The natural gas market looks awfully good. These guys have had a great rate of drilling property. Growth has been very good. Diversified. 2% dividend yield.

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Encana Corp (ECA.TO)