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

BUY

Pricing in $40/45US a barrel. Even though they've gone up a great deal, the oil price will be higher for longer. Buy on any pull back. $50/60US a barrel for the next few years is doable and the price of oil stocks do not reflect that.

BUY

An excellent company. Very well diversified and very well run. Solid resource space. Long term prospects, particularily on the gas side. Good long term hold.

HOLD

Has had a fabulous run. One of the premier stories of the larger E&P companies. A core name.

TOP PICK

A little disappointed in the gas production numbers. Under 6 X cash flow which is cheap for a major.

TOP PICK

The oil/gas area is going to be a tremendous sector for probably the rest of the decade. This one is particularily well placed. Expects that foreign investments are going to be paying much more attention to Cdn. oil and gas stocks.

TOP PICK

Trading at about 11 X multiple, so you are buying earnings really cheaply. A good fundamental stock. Re-organized and now focused in North America and gas oriented. Have a great drilling program.

TOP PICK

Despite the move there has been in oil stocks, you should continue to have exposure to energy for the balance of the decade. It may be a longer cycle than we have normally experienced. Don't chase the stocks as there will be some volatility.

BUY

Thinks there is still some upside left in this stock. Should expect to continue seeing a high oil price.

WEAK BUY

A very focused North American gas play. Earnings and cash flow report for the end of the month will be very good with record earnings. Has 6 X cash flow.

TOP PICK

70% of current production comes from a tight gas formation. If they do infill and tie-in drilling and go down to 10 acre space, they'll have 35,000 potential wells and 35 TCF of reserves.

STRONG BUY

A great story. Have been selling off their traditional gas properties and going more into resource plays. 70% of their production comes from these new resource plays and these could grow by increased drilling. A very solid core portfolio holding.

PAST TOP PICK

(A Top Pick April 7/05. Up 14%.) Just breaking out over another technical resistance. His Fair Market Value is miles higher than what it's trading at, so still a Buy. Great company, great management and great reserves. A good core holding for any portfolio.

BUY

Has recently broken out, so not sure how far they're going to go, but expects it will continue for another several months. Very reasonable on basic fundamentals, price/earnings multiples.

HOLD

Thinks it's at the top end of the range right now. Valuation wise it's a little more expensive than the group.

BUY

One of the best run major energy companies in Canada. If you want energy exposure, especially in gas, this should be in your portfolio.

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Encana Corp (ECA.TO)