Encana Corp (ECA.TO)

Broadly speaking, he doesn’t care for oils, or even the gassier oils. Because of their product mix, the earnings forecasts for this company have been rising quite rapidly, although they are slowing down now. It had an enormous run last year, but is now softening away from that as the price of oil backs off to the $50-$51 area.

He is not that keen on it because of what they have done over the last 20 years. If gas went on a tear then investors would go to it. He prefers PEY-T or TOU-T.

Today was a good day for oil stocks, but you can sit back and wait a little, to make sure of this present bounce in the price. If we get back to the low $50s, and the numbers keep coming in reasonably solid on the reduction in inventory, then you can step in. You might miss the first 5%-10%, but he would like to see more solid numbers coming in.

It is unfortunate it has suffered the way it has, since it split. It has not worked out very well at all. The management of both companies has been somewhat questionable.

Just reported and the street was impressed. This is one of North America’s leading energy producers with a diverse portfolio of plays in 4 critical areas, that are all doing extremely well. Assets they own are among the best in North America. They’ve improved their balance sheet in the last year or 2. They have a five-year plan to increase production and cash flow. Dividend yield of 0.7%. (Analysts’ price target is $12.25.)

This ranks 413 out of 720 in his model. Payout ratio is pretty modest at 5%. It looks like oil has bottomed at $42. If it headed to $56 at the high end of his estimated band, then it will get a lift. There are probably better opportunities elsewhere. Dividend yield of 1%.

It is one that will probably continue to go up in a rising oil price environment. It still has to grow into itself. It is still outspending cash flow. She likes other opportunities right now. The Americans think this one is cheap, but compared to other Canadian companies it is not.

He likes the assets and their growth profile, and thinks they are doing the right things. They are in a lot of key areas that he likes. Doesn’t feel you would go wrong owning this. Has a pretty decent balance sheet and a good production growth. They have a lot of non-core assets that they can shed to shore up the balance sheet.

They bought a lot of really good property when prices bottomed. Now they are reaping the benefits of that. He is not crazy about the energy space or natural gas. It seems there is a lot of it around. If you are going to own one, this is the one to own.

He has not been a big fan of this, however this is now a US Permian name and is trading at a massive discount. If he had to own one of the large caps, it would probably be this one.

(A Top Pick Nov 13/15. Up 54.92%.) During the debacle in the oil/gas industry, when prices started to plummet, this company was punished, and yet they have some of the best properties. They have always been a fairly well financed company. Expects they will continue to do well in this environment.

This has great Canadian and US assets. The Permian Basin and the Montney are 2 of the best plays. The Permian is down in New Mexico and Texas, and the Montney is up in Alberta and BC. This company is involved in both. He recently bought more of the shares.

Ranks well for him. It looks well, both fundamentally and technically. They have fairly big expansion plans in the Permian as well as the Albertan Basin. If oil prices stay in, this will continue to grow via drilling, and you’ll see a higher price in share price in the next 12 months.

A super company. They have done everything right. There has been a nice price pop in gas lately which has been helpful. Definitely one of the ones you should have on your radar screen. A fabulous company.

One of Canada’s big energy companies and has been hit very hard with the weakening in energy prices. Thinks you are going to see surprising strength in energy prices over the next year or 2. This is a good way to play that.