ENCANA $10.53

ENCANA $10.53 (Toronto symbol ECA; Shares outstanding: 849.9 million; Market cap: $9.0 billion; TSINetwork Rating: Average; Dividend yield: 0.7%; www.encana.com) will sell its Gordondale land and infrastructure in northwestern Alberta to Birchcliff Energy Ltd. (Toronto symbol BIR) for $625 million in cash. Birchcliff is a recommendation of Stock Pickers Digest, our newsletter focused on aggressive investing.

Gordondale accounts for 7% of Encana’s production. But the sale will let it focus on more promising projects in its four key areas: Montney and Duvernay in Alberta, and Eagle Ford and Permian, both in Texas.

Encana is a buy.

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Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

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Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

Value Stocks

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Growth Stocks

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