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

WEAK BUY

Well run company. Recently went through a transition at the top. (New CEO) They hedged a lot of production forward. As a two-three year investment should do okay. The company has not acted as well as some of the others. If he had a new portfolio full of cash he would add to it, start a position with it.

STRONG BUY

Huge buy. Reasonable fair value even with gas prices. There is a $10-12 a share in oil sands that is not reflective of the stock price. Recommends buying.

WEAK BUY

Don't put any new money in it. Only buy if it's doing well.

DON'T BUY

There is a risk in the energy sector right now. The stock is into some corrections right now. Avoid at this point.

WATCH

A gas oriented stock, the largest oil company in North America. Doesn't think it will go much lower.

WATCH

Solid company, which is gas related. They have had 10% internal growth. Watch the price of gas to determine the price of the stock. Responding like an oil stock.

HOLD

Didn't like last fall’s quarterly report. Had done a lot of hedging that was not known and was unhappy with their production numbers. Last report continued to show production down. Not sure that they know where they're going. Trades at a reasonable multiple of 10 X’s. Has some good properties. A potential takeover.

DON'T BUY

You have to be very positive about the outlook for gas in the short term as well as the longer term. There could be more downward pressure.

BUY

The 2nd largest producer of natural gas in North America. Their strategy is to focus on long-term assets. They also have an oil sands project. Likes this one long-term.

DON'T BUY

This stock is part of the energy sector which is on the way out for now. This is not a good time to enter. If you have this stock it is best to wait for a rally and reduce if possible. Avoid.

BUY

At around $47 it's a great buy.

WAIT

Has been hurt by a couple of things. The price of natural gas spiked up to over $18 is now $7/8. Have also had some production shortfalls. Wait for the price of natural gas to bottom out and start going up.

STRONG BUY

The second largest North American gas producer. The pullback in the stock price is a good opportunity to buy.

SELL

Feels there are a better gas options than this. Would lighten up in some energy names. Cost of drilling has gone skyhigh.

WEAK BUY

Big pattern calling a complex head and shoulder. If the support breaks from $50 to $51 that would be a real negative. Risk reward is pretty good. The problem is, the focus is on this being the largest natural gas play in North America. Risk is pretty good. Bounces have been limited. You really need to see it make a new high.

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Encana Corp (ECA.TO)