Encana Corp

ECA-T

TSE:ECA

4.96
0.23 (4.43%)
Encana Corporation produces, transports and markets natural gas, oil and natural gas liquids. It was formed in 2002 and descends from the 19th century Canadian Pacific Railway and 'Canadian Pacific Oil and Gas' in the 20th century, respectively.
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Analysis and Opinions about ECA-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
August 22, 2018

(Past Top Pick, July 21, 2017, Up 37%) Tremendous assets with many in America. Great management. He wouldn't buy more today, but would hold on.

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Encana Corp (ECA-T)
August 22, 2018

(Past Top Pick, July 21, 2017, Up 37%) Tremendous assets with many in America. Great management. He wouldn't buy more today, but would hold on.

COMMENT
COMMENT
July 5, 2018

5 times earnings. It might go to $18 a few years out, if oil does well. That is the bigger call. ECA-T got out of Canada, made an acquisition and paid the debt down. It is a decent play on energy. It is behaving much more like a US energy name.

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Encana Corp (ECA-T)
July 5, 2018

5 times earnings. It might go to $18 a few years out, if oil does well. That is the bigger call. ECA-T got out of Canada, made an acquisition and paid the debt down. It is a decent play on energy. It is behaving much more like a US energy name.

BUY
BUY
April 3, 2018

Solid. Always liked it. $16 target. Hold on, but be ready to pull the trigger.

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Encana Corp (ECA-T)
April 3, 2018

Solid. Always liked it. $16 target. Hold on, but be ready to pull the trigger.

WATCH
WATCH
February 12, 2018

It has been focusing on selling off non-core assets. Core assets grew by 30%. They are planning to grow production by 18-35%. They were mostly a natural gas player and now have moved liquids percentages up. Splitting it up was a big mistake. There may be some more downside and then it will go up. He thinks there is an energy bull market coming.

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Encana Corp (ECA-T)
February 12, 2018

It has been focusing on selling off non-core assets. Core assets grew by 30%. They are planning to grow production by 18-35%. They were mostly a natural gas player and now have moved liquids percentages up. Splitting it up was a big mistake. There may be some more downside and then it will go up. He thinks there is an energy bull market coming.

SELL
SELL
February 12, 2018

Been in the $9-14 range, so it looks like a "goal post" stock. Likely won't move outside this range. Reward yourself at $14 and sell.

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Encana Corp (ECA-T)
February 12, 2018

Been in the $9-14 range, so it looks like a "goal post" stock. Likely won't move outside this range. Reward yourself at $14 and sell.

COMMENT
COMMENT
December 15, 2017

The balance sheet has gotten a lot better, but still not ironclad. Trading at 2.2X Debt to Cash Flow for 2018. If oil/gas gets really challenged, that could be a problem. It’s still not cheap on a 2018 multiple, but they have really nice production growth. Thinks they are going to do 17% over his forecast, which leads to Cash Flow per share of about 35%. Balance sheets are going to look a lot better in 2019 and their valuations are going to start to look better at that time. They had a bad debt situation a couple of years ago, but have had a Herculean turnaround. He probably would not want to be in the energy sector at these levels.

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Encana Corp (ECA-T)
December 15, 2017

The balance sheet has gotten a lot better, but still not ironclad. Trading at 2.2X Debt to Cash Flow for 2018. If oil/gas gets really challenged, that could be a problem. It’s still not cheap on a 2018 multiple, but they have really nice production growth. Thinks they are going to do 17% over his forecast, which leads to Cash Flow per share of about 35%. Balance sheets are going to look a lot better in 2019 and their valuations are going to start to look better at that time. They had a bad debt situation a couple of years ago, but have had a Herculean turnaround. He probably would not want to be in the energy sector at these levels.

BUY
BUY
November 13, 2017

His big holding has been SU-T which has done relatively well because it was east/west upstream/downstream. It has done very well. Companies like ECA-T and CVE-T have been hit hard and smaller ones have been obliterated. Oil is a long way from $25. With the uncertainty and the threat of civil war in the middle east, companies like this could continue to do very well.

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Encana Corp (ECA-T)
November 13, 2017

His big holding has been SU-T which has done relatively well because it was east/west upstream/downstream. It has done very well. Companies like ECA-T and CVE-T have been hit hard and smaller ones have been obliterated. Oil is a long way from $25. With the uncertainty and the threat of civil war in the middle east, companies like this could continue to do very well.

COMMENT
COMMENT
October 20, 2017

The market tries to like it, and then gets overwhelmed by commodity prices. Although we are enjoying nice weather, that is not good for natural gas prices, so it’s pulled back again in the short term, and the group has pulled back pretty substantially in the past couple of weeks, so the 2-week outlook doesn’t look so great, even though the storage situation is not too bad. Being big and liquid, this company is viewed as one of the 2 “go to” gas names for Americans. He would prefer something with a bit better growth if you are going to go to gas, such as Paramount (POU-T).

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Encana Corp (ECA-T)
October 20, 2017

The market tries to like it, and then gets overwhelmed by commodity prices. Although we are enjoying nice weather, that is not good for natural gas prices, so it’s pulled back again in the short term, and the group has pulled back pretty substantially in the past couple of weeks, so the 2-week outlook doesn’t look so great, even though the storage situation is not too bad. Being big and liquid, this company is viewed as one of the 2 “go to” gas names for Americans. He would prefer something with a bit better growth if you are going to go to gas, such as Paramount (POU-T).

DON'T BUY
DON'T BUY
October 17, 2017

He doesn’t care much for this. It closed at $14.17 and his model price is $15.08, a 6% upside. Pays a very puny dividend. He would prefer others such as Imperial Oil (IOL-T) or Suncor (SU-T).

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Encana Corp (ECA-T)
October 17, 2017

He doesn’t care much for this. It closed at $14.17 and his model price is $15.08, a 6% upside. Pays a very puny dividend. He would prefer others such as Imperial Oil (IOL-T) or Suncor (SU-T).

COMMENT
COMMENT
October 3, 2017

Sitting on a very good property in the Montney, and everybody is excited about shale now in Canada. He is not big on fossil fuels, and doesn’t own any. If he were going to own any, it might be this company because of the quality of the real estate they are sitting on, and that gas is the future of energy.

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Encana Corp (ECA-T)
October 3, 2017

Sitting on a very good property in the Montney, and everybody is excited about shale now in Canada. He is not big on fossil fuels, and doesn’t own any. If he were going to own any, it might be this company because of the quality of the real estate they are sitting on, and that gas is the future of energy.

PARTIAL SELL
PARTIAL SELL
October 2, 2017

It had a huge run over the last 4 or 5 weeks and now the period of seasonal strength comes to an end. Nat. gas prices have broken key support levels so it does not look good for this one. This year we are in a downward trending. Take some money off the table and look for better opportunities.

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Encana Corp (ECA-T)
October 2, 2017

It had a huge run over the last 4 or 5 weeks and now the period of seasonal strength comes to an end. Nat. gas prices have broken key support levels so it does not look good for this one. This year we are in a downward trending. Take some money off the table and look for better opportunities.

COMMENT
COMMENT
September 28, 2017

They’ve done a really good job to improve themselves. Their debt to cash flow is 2.3% for 2018, which is not bad compared to where they where. The valuation is really improving at 6.9% for 2018 versus 7.1% for its peers. The energy space continues to be very challenged. He only sees 2% production growth. This would not be his favourite name in energy.

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Encana Corp (ECA-T)
September 28, 2017

They’ve done a really good job to improve themselves. Their debt to cash flow is 2.3% for 2018, which is not bad compared to where they where. The valuation is really improving at 6.9% for 2018 versus 7.1% for its peers. The energy space continues to be very challenged. He only sees 2% production growth. This would not be his favourite name in energy.

COMMENT
COMMENT
September 26, 2017

Got hurt in the oil/gas downturn, because they made asset acquisitions at high prices. The assets are working, which is the good news side, but had to do a lot of house cleaning. He just wants to avoid bad balance sheets.

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Encana Corp (ECA-T)
September 26, 2017

Got hurt in the oil/gas downturn, because they made asset acquisitions at high prices. The assets are working, which is the good news side, but had to do a lot of house cleaning. He just wants to avoid bad balance sheets.

HOLD
HOLD
September 22, 2017

This is known as a gassy stock, so it is going to follow the trend of natural gas. Last year, they moved very well. Yesterday, the stock broke above short-term resistance, and has established a very faint upward trend. Stick with this until approximately the 2nd week in December.

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Encana Corp (ECA-T)
September 22, 2017

This is known as a gassy stock, so it is going to follow the trend of natural gas. Last year, they moved very well. Yesterday, the stock broke above short-term resistance, and has established a very faint upward trend. Stick with this until approximately the 2nd week in December.

COMMENT
COMMENT
September 1, 2017

Broadly speaking, he doesn’t care for oils, or even the gassier oils. Because of their product mix, the earnings forecasts for this company have been rising quite rapidly, although they are slowing down now. It had an enormous run last year, but is now softening away from that as the price of oil backs off to the $50-$51 area.

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Encana Corp (ECA-T)
September 1, 2017

Broadly speaking, he doesn’t care for oils, or even the gassier oils. Because of their product mix, the earnings forecasts for this company have been rising quite rapidly, although they are slowing down now. It had an enormous run last year, but is now softening away from that as the price of oil backs off to the $50-$51 area.

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