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

WAIT

It was one of the later ones to top out, so it's lagging the rest of the oils. You may have a little bit longer to wait than with the rest of the oil stocks. Also, the 200 day moving average is only at $47 when the stock is at $58, so the gap is much wider than the other oils. Sit back and relax and wait for it to come down to $50.

BUY

Would have thought that it is getting to the stage where it is looking quite attractive. Optimistic about this stock, especially as it is a natural gas play and the high demand for natural gas will be with us for a long time. The drop in the stock price is a panic, not a fundamental change. It could drop a couple of more points.

BUY

Trying to buy some of this stock currently. Natural gas is still pretty strong and hasn't come off that much. Probably cash flows about 5 X next year's cash flow. Could still have some weakness in the next little while. A good place to enter the energy sector.

TOP PICK

(A Top Pick July 28/05. Up 15%.) Into a support zone. Anything under $60 would be a buy. Largest producer of gas in Canada. Focused in North America. Looking for an increase in dividends.

BUY

A good time to get in. Baffling that the stock has fallen as much given that natural gas prices are still hanging in close to $14. Doesn't appear that the gulf production is going to come back any time soon and we are heading into the winter months.

HOLD

Likes the outlook for natural gas. Will participate in this energy market correction. If you own, hold. To buy, wait to see how far it pulls back.

BUY

A great name. Oil is a problem around the world with strong demand and weak supply and even worse with natural gas. This company has a huge amount of tight gas. If they tighten their spacing on their wells, they can fill in 35,000 of drilling targets. Reserve life of 27 years.

BUY

The outlook for natural gas is much rosier and the growth is steadier than it is for oil. In the gas space is Encana (ECA-T) the cream of the crop which is expensive at 6.8 X next year's cash flow, assuming a low price of $10.25US. Only buy 1/2 or 1/3 od your position now and if there is another correction, below $65 buy the rest.

BUY

From a seasonal point of view, this sector does very well from the end of January to the end of May. Very high orientation towards natural gas. Will continue to outperform the energy sector. Ging to have very strong 3rd and 4th quarter results due to high energy prices.

DON'T BUY

He has been selling a bit off all oil stocks. May go higher in the short term if you get another hurricane. Short term wouldn't be adding. But if you had to own a stock then this would be one of the better ones.

BUY ON WEAKNESS

Would guess that it could get below $60, maybe mid to high $50's.

BUY

88% of the oil/gas companies in North America are headed higher in price right now. Probably not an ideal entry point here as there is some risk. Likes Burlington Resources (BR-N) and Encana (ECA-T).

BUY

Prefers Ultra Petroleum (UPL-A) as the growth rate will be higher, but this is one of the best natural gas companies in North America. A good core holding.

BUY ON WEAKNESS

Moving with the price of oil and gas. Oil and gas are due for a correction and this company could correct as well. If you have onle a small exposure to energy, this is a good one to add. If you have a large energy exposure, he wouldn't put more money into the sector but wait for pull back.

BUY

Bullish on oil and gas and is expecting higher prices. Has very strong fundamentals.

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Encana Corp (ECA.TO)