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

Has never been bullish on the story for the last 3/6 months, but now looks like a more reasonable entry point. In general, prefers oil levered names rather than gas. Compared to some of its peers, it should do reasonably well.

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BUY

A great story and well managed. Taking their asset base, culling them and getting the most productive usage. Decent cash generation.

BUY

Trading at 5 X cash flow (based on $40 oil) which is very compelling. Core operations are working extremely well.

TOP PICK

Looks like it's breaking out over a very long term high. Huge FMV.

BUY

Moved them to an outperform on Oct 22. A very good place to be in a long term wide holding. Execution of strategy is very key in the ability for investors to believe in management's credibility. Becoming a North American gas equity.

BUY

Prefers over CNQ at this time. Likes the resource play as well as their natural gas exposure. Can still see upside. Feels analysts are too low on the price of oil. Good growth profile.

TOP PICK

Largest producer in North America. Has re-invented itself. Sold off various non-core assets. Lower risk. Buying back shares. A quality core stock.

BUY

Have been shrewd in steering their production towards natural gas. Over 60% of production is in natural gas.

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BUY

Not a big oil price bull, but doesn't see any significant pull-back coming. Even at $35, these guys will make a lot of money. This company has re-focused their strategy and there should be a pick up in valuation compared to their peers.

BUY

Feels you are better off with companies focused in very specific areas such as Encana, CNQ or Talisman, rather than an integrated like Petro Canada.

TOP PICK

(A Top Pick Oct 29/04. Up 9%.) Likes the dynamics of the commodities. Buying back stock rather than doing expensive new drilling.

TOP PICK

Has a rather unique strategy i.e. looking for large resource plays that it can bring expertise to bear and create value. One of those plays is a coal bed methane in the Wyoming area. Moving into the US in a big way which will enhance their strategy.

PAST TOP PICK

(A Top Pick Oct 20/04. Up 13%.) Longer term, this will be a great investment. Likes their strategy of focusing on North America.

BUY

Likes Encana, Suncor and Enbridge. Enbridge will be much less volatile and have a much higher dividend.

BUY

Now moving into Tar Sands operations. Has also made some big acquisitions in the US. Long term outlook for natural gas in North America is very good. Lower risk than CNQ.

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Encana Corp (ECA.TO)