Encana Corp (ECA.TO) Buy, Sell or Hold

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Daily Stock Opinions and Ratings

Encana Corp (ECA.TO)

4.96

-0.23 (4.43%)

as of Jan 24, 2020, 9:00:00 pm Market Open.

267 watching

BUY

His model price is $71.48 which is a 31% positive differential. This is one of the few oils that he still owns.

BUY

This has lagged the other oil/gas companies. This correction is a reasonable opportunity to buy. A good long-term investment. The price of natural gas has been quite disappointing because of the warm weather.

BUY

Not trading very far away from the solid support. Every time it has got to this level, it has bounced. His fair market value is probably 125/150% higher. The market is probably concerned about this slightly warmer winter, but natural gas is one of the major components that goes into the oil sands in making oil.

DON'T BUY

This company has underperformed. He thinks were getting into a phase with oil/gas sector where there will be continued consolidation and this one has great enterprise value with valuable properties.

PAST TOP PICK

(A Top Pick Oct 31/05. Up 4.5%.) The stock will be a major beneficiary of the strong resource market.

BUY

Struggling because there has been such a huge pullback in natural gas prices. Should be a key portfolio holding as it has so many potential targets as a resource play. Has large land masses. A good time to get in.

WEAK BUY

Price is not held up because of the weaker gas prices due to the warmer weather. There will be some cold weather between now and March and, gas will not anticipate this, and will go up. Not a bad entry point for a trade.

TOP PICK

Super focused on gas production. Natural gas has dropped from $14 to about $7. Until some of the northern pipelines get built and the gas starts flowing from up north, gas will be in tight supply. We have had an unusually mild winter which has affected demand.

PAST TOP PICK

(A Top Pick Oct 12/05. Down 5%) came out with a very poor earnings, possibly due to hedging. Also, production wasn't as good as he had thought it would be. Would continue to hold.

DON'T BUY

Suffered quite a bit last year from natural gas hedges. In the current year, they have about 22% of their gas hedged at only five dollars.

BUY

Because of its size, it's tough for it to grow aggressively. He likes this story.

PAST TOP PICK

(A Top Pick Nov 8/05. Up 2.8%.) Natural gas is suffering from a warm winter. In the long run, it is a depleting resource. In the long run, it’s going to make a pile of money.

BUY

This is a great long-term play for people who think that natural gas is going to do very well. It’s been in the penalty box for the last little. Gas prices have been falling through the fall of ’05. Q3 and ‘06 guidelines were less than the market expected. Have also had some management changes. They have good assets and the valuation is good.

WATCH

Did well because of commodity prices which is not in their control. Looking at what is in their control, management has made a number of mistakes, e.g. selling out of the Syncrude project, hedging vast amounts of natural gas which cost them and a lot of value was given to employees through stock appreciation rights which cost over $100 million. The new CEO may make a change.

HOLD

Has a model price of $71.72 which is a 27% positive differential. The market doesn't know where this company is on its hedging and that's why it's been a laggard.

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Encana Corp (ECA.TO)