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

Encana Corp (ECA.TO)

4.96

-0.23 (4.43%)

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

267 watching

STRONG BUY

Bailed out of their Equador holdings with a nice gain. They continue to focus on Canada, especially in the natural gas area which he expects to continue to see good numbers coming from, primarily because natural gas is needed to get the oil out of the tar sands.

BUY ON WEAKNESS

The largest independent. Natural gas exposure and gas will probably spike in the winter. Try to buy in the mid to low $50's.

BUY

Not sure where the short term oil prices are going, but longer term, feels that higher oil prices will be more than they have been historically. Have been able to show growth through both the drill bit and good acquisitions.

BUY

Trading a little above its peers right now. Might be a pull back, but you wouldn't go wrong buying at this level. A great story. In the last few years they've been focusing on being a North American untraditional gas pure play. Currently spacing their wells at 80/40 acres and if they down pace this they'll have far more targets with a 27 year reserve life.

BUY

An excellent company. Very bullish on natural gas for the next year or two. Well run company.

BUY

Believes the long term trend in energy is up even though the short term trend might be down. Truly believes we will go through an energy crisis. This company is investing in the near term for higher gas prices which is a good strategy. Good long term core position.

TOP PICK

If energy is higher and stays higher longer, that justifies the share price. This company should continue to grow. Could hit $75 in the next few years and doesn't care if it goes sideways for the next couple of years. Natural gas is now hot.

BUY

If you are looking for gas exposure this is the best hands down. The most levered North American producer. Developing very long lived reserves and has a technological advantage to exploit those reserves.

TOP PICK

Trading sideways and getting into a buy range. If the momentum continues down it is coming into a nice buy range of $48/49. One of the cheaper stocks out there on a multiple basis.

BUY ON WEAKNESS

In this area, he follows 3 very closely CNQ (CNQ-T), Encana (ECA-T) and Talisman TLM-T). Talisman, CNQ and Encana are cheap to expensive in that order. Would want to see Encana come off 3/5%, but the other 2 are looking a bit toppy short term.

BUY

Everyone should be in some energy stocks and this one is as good as any. Well diversified geographically. Great management and great growth behind it. Has a lot of gas exposure and gas has not been as hot as oil, so less volatile here.

BUY

A good company. A more gassy company. A lot of good legacy assets with very low royalty costs. Trading around 6 X cash flow which is a reasonable valuation.

BUY

Talisman (TLM-T) versus Encana (ECA-T). Both great companies. Talisman has more of an international base to its assets and does a very good job in inhospitable climates. Prefers Encana which has focused their asset base and are much more of a manufacturing process. Able to increase production for at least the next 5/7 years.

HOLD

Likes its natural gas orientation. Likes natural gas longer term in Canada. The problem is that it is trading at an all time record high price which makes you a little bit nervous about moving into it.

BUY

Gas oriented. Has underperformed the sector recently so not that expensive compared to others.

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Encana Corp (ECA.TO)