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

The model price is $70, an 18.6% positive differential.

DON'T BUY

Has been selling the stock. Thinks and gas will do well.

WAIT

Have promised to announce in the 3rd quarter a partnership in the oil sands and what it will look like. Also have talked about maybe spinning out some of the assets in order to have a pure gas play and a pure oil sands play. Waiting for that before deciding which way to go.

PAST TOP PICK

(A Top Pick Mar 21/06. Up 15%.) Next leg that will drive valuations is when they announce partner with their oil sands opportunity that is supposed to happen in the 3rd quarter. Gas prices are probably poised to go higher in the next 6 months.

DON'T BUY

Would be fairly cautious at this price. The players and speculators may already be in and just waiting for a bump up in price in order to sell. Would consider under $55. A good name.

BUY ON WEAKNESS

Anything below $55 would be good value. Gas weighted.

BUY

Almost a pure gas play. Got hit when gas under performed oil. Looks like natural gas is probably bottoming.

BUY

A good company with solid management. The natural gas industry has been hurt over the last little while. If you buy natural gas companies at these levels you're going to do well going into the New Year.

HOLD

Likes their intermediate and longer-term outlook. Stocks in this area are going to be very volatile going through the fall. Expect you will be able to get it at $55.

PAST TOP PICK

(A Top Pick Mar 30/06. Up 5%.) Likes the natural gas industry. Expects a pullback in natural gas prices over the next couple of months. Still likes.

BUY

Has been refocusing on its core assets. Very well positioned. Natural gas prices have been extraordinarily volatile over the last month. Has hedged 97% of its production at $7.29, a pretty good price.

BUY ON WEAKNESS

The biggest independent natural gas producer. If you want to play gas, and you have a good view on gas, this would be the one. Valuation is pretty cheap, but expects a pullback from here and would try to buy in the mid-$50’s.

BUY

A premium, largest natural gas producer in North America. Long-term they should do very well. Gas prices have started going up and someday should reach $11.

PAST TOP PICK

(A Top Pick May 29/06. Up 14%.) Will continue to hold, but would be cautious about buying at this time.

DON'T BUY

Will probably move up in a fall. Likes the company, but wouldn't be his favourite stock. Prefers the oil related companies. Inventory levels are still very high for natural gas.

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Encana Corp (ECA.TO)