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

BUY ON WEAKNESS

Held up better than he would have thought given the short-term outlook for gas. Entry point should be lower than the current price. Try to get it in the lower $60's.

BUY

Looking out 3 to 4 years this is a great stock. Feels natural gas prices will recover.

COMMENT

Is finally giving some positive returns. Has always been positive on this company. Fairly gassy. Drilling in the US with some good results. Reasonably priced. Anything over $68 and he might do some profit taking.

COMMENT

The problem is that it is gas. Have a very big platform in the US, so will receive the higher natural gas prices quicker. This will potentially be the crown jewel of the natural gas business in North America.

HOLD

Well-run company. Reporting later today which should give a sense of where they are going. Drilling in Alberta will be somewhat slow, but overall they have great growth prospects. Well-run company.

BUY

(Market Call Minute.) Very gassy, but a lot of US assets, which is better right now than Canadian assets.

HOLD

He is worried about gas prices, going into the winter. We need a whole bunch of week’s cold weather to have gas prices move. He is surprised the stock is back at $67. Would like to buy it at $60.

TOP PICK

Has done a great job of transitioning itself to a true integrated player with its ConocoPhillips (COP-N) joint venture in the oil sands. Its typical gas production is in tight gas reservoirs were initial decline rates are very steep and then level off. They are now on the level part of the curve where production costs will be far less.

WEAK BUY

Quite cautious right now on natural gas. Very good numbers on report today. They wisely hedged quite a lot of production for next year.

DON'T BUY

Sold the stock at $66 in July or August. He was worried about the outlook of Canadian natural gas going into the winter. Storage was high and the weather experts predict another mild winter. Management is good. He may buy it back at $60. Need a colder than average winter for it to go.

BUY

A core hold in their energy sector. The natural gas is so out of favor, and oil is so high. It is a good investment.

DON'T BUY

Although the rest of the market kept going up, this one did not. As a technician and portfolio manager, he wants to own stocks that are going up better than the market.

PAST TOP PICK

(A Top Pick Dec 4/06. Up 17.5%.) Alberta will probably not increase taxes on natural gas. It is Fair Market Value is more than double the current price.

COMMENT

Probably the premier gas weighted name. Has been morphing into a bit of an oil sands play. Thinking very far ahead of the curve by divesting itself of sub par assets.

BUY

Likes this one. Heading into winter and natural gas prices are probably going to go up.

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Encana Corp (ECA.TO)