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 ON WEAKNESS

Great stock. Has a fabulous chart pattern. Has had a general trend to outperform energy as a whole. His call on energy at this time is that we go into a trading range. Would look over the next 6 months or so for the range that's already starting to develop to continue to play out, i.e. would buy below $40 and a seller closer to $45.

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BUY

Refocusing in resource plays. Looking at long life (20 years plus) versus most other gas plays at 6, 7, 8 years. Will have good cash flows and will bew buying back stock.

BUY

Likes this stock.

PAST TOP PICK

(A Top Pick Sept 29/04. Up 18%.)Still likes. Expects them to continue to grow.

PAST TOP PICK

(A Top Pick Oct 21/04. Up 30%.) Likes the gas area. Could have chosen this as a Top Pick today also. Good production profile. Have sold off some more non-North American assets which fits in with their strategy.

BUY

Have their new balance sheet and calculate the model price as $92.20. A differential of 14.8%.

DON'T BUY

Most of the energy stocks started their advance in '02. Hit a spike. Lows are getting lower and if it hits the last low, it will go lower still.

BUY

Q:CNQ (?) or Encana (ECA-T)? A: Hasn't done a net asset value study on either of them, so can't comment except that he feels you can't go wrong with either of them.

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TOP PICK

Into a topping pattern here and is a good opportunity to get in. The company has sort of re-engineered itself. Selling off various assets and bought a lot more gas prone land. Good management.

BUY

A very strong name. Rising free cash flows. Lots of gas. Doesn't get enough credit for its reserve base.

BUY

One of the best quality oil & gas, mainly gas stocks. Admires the way they have managed their assets, being focused and their growth strategy. Thinks they will do better than the stock market. One of the best reserve base and reserve growth.

BUY

Although it doesn't affect a company, stock splits seem to do wonders for stocks. Encana has strong fundamentals. Has been very good at adding on new and profitable production.

HOLD

If you own commodity stocks, continue to Hold, but take some profits out of them.

BUY

Likes their strategy very much. North American natural gas is a terrific strategy. Well managed. This is a long term hold stock, 5/10 years. Makes a nice pair with Petro Canada (PCA-T) in that Encana is domestic natural gas and Petro Canada is international oil. With the 2 together, you've got both legs covered.

TOP PICK

(A Top Pick Feb 4/05. Up 17%.) The energy index has been plateauing at a very favourable level with lots of upside and you have to go with the flow. Stock has been behaving beutifully. Doing everything he has asked for and more. Upside potential is absolutely massive.

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Encana Corp (ECA.TO)