EnCana Corp. $55 – Toronto symbol ECA

ENCANA CORP. $55 (Toronto symbol ECA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 750.3 million; Market cap: $41.3 billion; Price-to-sales ratio: 1.1; SI Rating: Average) peaked at $97.81 in May, 2008, but has dropped 43.8% since then along with oil and natural gas prices. EnCana has locked in the selling prices for the bulk of its 2009 production, which cuts its risk. As well, the company’s high quality reserves should last decades. EnCana is a buy.

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