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

TOP PICK

A gassy play. Have been reorganizing over the last couple of years. Recent results have been improving. Have a share repurchase plan. Drilling is up.

PAST TOP PICK

(A Top Pick Dec4/06. Down 6.9%.) Has terrific upside potential and natural gas prices have not been doing too badly. Cheap.

HOLD

The senior go-to gas name. They do all the right things such as buying stock back and selling nonessential assets. Believes that gas prices will be higher next winter. Under the right circumstances, it could be $65 a year from now.

DON'T BUY

A wonderful company. We have been going through the seasonally strongest period for energy stocks, and yet natural gas prices can’t seem to break out of the $5-$8 range.

WAIT

A gas driven company, so wait for a couple of months. They like to develop large, highly technical, sometimes less profitable plays.

BUY

P/E of 11 one current earnings and 14 on forward earnings.. Long reserve life. Massive cash flow generator. Has been selling off some of its assets and pruning its business.

PAST TOP PICK

(A Top Pick Mar 21/06. Up 7.2%.) Fairly optimistic about the energy complex in general. Outlook for gas over the next year or two is very strong. Still a Buy.

BUY

The largest liquid Canadian gas weighted company. If you have good outlook on natural gas prices, this is a good one to one.

BUY

If natural gas comes back to the way he thinks a will, the stock will be trading at a 52-week high sometime in the 2nd half of 07. It has cleaned itself up materially and could be a takeout candidate.

DON'T BUY

Very gas weighted. With gas being soft, it has suffered with a number of the other producers. There is stock that they will split off into different units. Some of the product is very expensive to produce. Would be cautious on this one.

HOLD

A hold for the next 2-3 years. As high-quality production assets. Massive inventory of conventional and unconventional prospects. Strong growth profile.

PAST TOP PICK

(A Top Pick Jan 4/06. No change.) The natural gas story is still a good one. Long-term gas supplies are in decline. Once the inventories do go down, the drillers will be out drilling like crazy and the price will go back up.

WAIT

An excellent company. Extremely natural gas oriented. Until natural gas prices start to rebound, it won't go anywhere. Expect energy will bottom in the near-term and that would be the time to buy.

WAIT

One of the best international E&P companies. Very leveraged to gas. In the short term, there will probably continue to be downward pressure. Expecting at least another $5 downside.

WAIT

Once it shows signs of bottoming, he would like to be in the natural gas trust space based on the higher yields. First two choices would be CNQ (CNQ-T) and Talisman (TLM-T). This would be his 3rd choice. A bit expensive on an NAV basis. Price to cash flow is about 5.5.

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Encana Corp (ECA.TO)