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

DON'T BUY

For a choice between this company and Canadian Natural Resources, you have considerably more upside with Canadian Natural. Encana is an excellent company. Has transitioned almost completely to a pure gas play, so more sensitive to and drop in gas prices. Also the production curve with gas is a little more negative.

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BUY

Energy stocks have a seasonality of January to May. Technically, it is in a nice up trend and looks like it wants to go gigher. On fundamentals, earnings are going to be very strong in the 4th quarter. Has a huch that analysts have underestimated the earnings for the company.

TOP PICK

Focusing on non-conventional plays throughout the company. Cheap. Has long life assets. Feels natural gas prices will continues to go up over some time.Their "close to home" strategy is based on declining natural gas.

BUY

Recently put on a powerful spurt. His fair market value is about double the current price. It is just breaking out over a very important resistant level.

BUY

Very gas oriented and quite positive on natural gas. Buy with a longer term view of 1/2 years.

BUY

Has lagged a number of the other energy stocks. Is attractive at this price. Changed its focus from being global to North American and natural gas. Long term outlook for natural gas is good.

BUY

Very solid company.

BUY

In a no growth industry, but believes it can grow 10% even though it's in a static industry. Will buy back some of their stock.

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BUY ON WEAKNESS

Reasonably attractively priced, but still a bit pricey. Trying to sell off some of their conventional asset base and going towards unconventional plays. Fairly long reserve life.

PAST TOP PICK

(A Top Pick Sep 9/04. Up 17.5%.) Believes in the natural gas story. Even though there is a big inventory, believes gas is still a good commodity to own.

BUY

Selling some assets and retreating to western Canada/US. Natural gas will have less of a pull back than oil.

BUY

Growing its production volumes. Very strong shareholder owners.

DON'T BUY

Nothing against this company, but if you look at some of the smaller, mid cap names, they have more growth going. Because of their hedges in oil, earnings will be held back.

WAIT

Favours gas over oil from a median term perspective. Gas resevoirs are at 98% of capacity, so if we don't get a cold winter and a lower oil price, this is a very short term call.

TOP PICK

Has sold off their North Sea project. Continuing to re-focus on North America. Bringing their debt down from 45% to 35%. Launching a share buy-back program. Likes their strategy.

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Encana Corp (ECA.TO)