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

DON'T BUY

A great, well-run company. Tied in to the natural gas price, which is hugely depressed and doesn’t look like it will be recovering any time soon. The company has taken fabulous steps to cut back on the amount it is investing in new wells which has helped their earnings. Near-term, no advantage to owning this.

PAST TOP PICK

(A Top Pick July 6/06. Down 8.1%.) This is the gassiest of the major producers. Feels natural gas is an attractive place to be. Good price.

TOP PICK

Gassy. Have cut back their programs and he feels they are quite sensible. Probably has some real upside here.

PAST TOP PICK

(A Top Pick Mar 21/06. Up 2%.) Still likes this. Expects the gas market to continue to do well.

BUY

Likes this stock. Has been very volatile, trading on the natural gas prices. They’re hedged almost completely to natural gas for the balance of the year.

WEAK BUY

If he had to pick a spot in the energy space, it would be in a company with a strong gas weighting. This company has a pretty good franchise in this space eight

PAST TOP PICK

(A Top Pick Mar 1/05. Up 30.2%.) Still likes and would recommend buying at current prices. About 70% natural gas, which has a lot, more leverage than crude oil. Could see cash flow approaching $9 this year and possibly $10 next year.

BUY

He has a model price of $72.45, about a 33% positive differential.

WAIT

This is a gassy stock and a good part of its production is hedged which has helped hold up the price. Generally, you buy in November and sell in May.

COMMENT

Good company but would treat it as a seasonal trade. Gas and oil storage is running at fairly high levels, so have to get a fairly cold winter to burn off some of this storage.

COMMENT

If you have a warm winter, then gas prices will be down and the stock will be down. Good solid company trading at less than 5 X cash flow. Superior management.

BUY ON WEAKNESS

Any move below $50 is relatively short lived. This is a leveraged play on natural gas. Below $50 is a great buying opportunity.

TOP PICK

Gassy and have hedged quite nicely. Feels gas will average in the $8/9 range. Well-managed. Likes their new partnership in the oil sands with ConocoPhillips (COP-N). Good long-term hold.

BUY

Heavily weighted in natural gas. Natural gas supplies are diminishing and demands are increasing. A good entry point.

BUY

It has been a bear market for the past year. Thinks it has hit bottom. Believes the downward trend is over and it is on the uptrend.

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Encana Corp (ECA.TO)