encana corp
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In response to weaker oil and natural gas prices, Encana has decided to aggressively expand in the U.S., while Cenovus is cutting its output.
We’re confident that both approaches will pay off. However, Encana’s big, newly announced acquisition increases its risk, which is why the stock dropped sharply on the news....
ENCANA CORP. $11.47 (Toronto symbol ECA; Shares outstanding: 963.1 million; Market cap: $10.9 billion; TSINetwork Rating: Average; Dividend yield: 0.7%; www.encana.com) fell recently after it agreed to buy Newfield Exploration Company (New York symbol NFX).
Newfield operates shale oil and natural gas wells in the Stack and Scoop fields of Oklahoma, the Bakken region of North Dakota and Utah’s Uinta basin.
Encana will issue $5.5 billion U.S....
Newfield operates shale oil and natural gas wells in the Stack and Scoop fields of Oklahoma, the Bakken region of North Dakota and Utah’s Uinta basin.
Encana will issue $5.5 billion U.S....
BIRCHCLIFF ENERGY $4.82 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 263.0 million; Market cap: $1.3 billion; Dividend yield: 2.0%) explores for, develops and produces oil and gas, mainly in the Peace River Arch area of both Alberta and B.C....
ENCANA CORP. $15 (Toronto symbol ECA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 956.3 million; Market cap: $14.3 billion; Price-to-sales ratio: 3.2; Dividend yield: 0.5%; TSINetwork Rating: Average; www.encana.com) has agreed to sell its shale oil properties in the San Juan Basin in northern New Mexico....
Both crude oil and natural gas prices have moved up since the start of 2018. Still, we feel U.S. sanctions on Iranian oil will further lift oil prices. At the same time, rising North American production of shale natural gas should hurt overall gas prices. Due to those factors, we prefer oil companies like Cenovus over gas producers like Encana.
ENCANA CORP....
ENCANA CORP....
BIRCHCLIFF ENERGY $4.67 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 263.0 million; Market cap: $1.3 billion; Dividend yield: 2.1%) explores for, develops and produces oil and gas, mainly in the Peace River Arch area of both Alberta and B.C....
Ottawa’s move to buy the existing Trans Mountain pipeline in order to build its controversial expansion is good news for these three resources companies. Additional capacity to ship crude oil and refined fuels from Alberta to Vancouver should make it easier for producers to service their customers.
For new buying, we prefer Cenovus and Teck over Encana....
For new buying, we prefer Cenovus and Teck over Encana....
ENCANA CORP. $16.71 (Toronto symbol ECA; Shares outstanding: 971.0 million; Market cap: $16.1 billion; TSINetwork Rating: Average; Dividend yield: 0.5%; www.encana.com) has four key properties: Montney (B.C.), Duvernay (Alberta), and Eagle Ford and Permian (both in Texas)....
We like Encana and Cenovus, mainly due to their high-quality reserves and low operating costs. However, Encana’s exposure to weak gas prices hurts its appeal.
ENCANA CORP. $15 (Toronto symbol ECA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 971.0 million; Market cap: $14.6 billion; Price-to-sales ratio: 3.6; Dividend yield: 0.5%; TSINetwork Rating: Average; www.encana.com) has four key properties: Montney (B.C.), Duvernay (Alberta), and Eagle Ford and Permian (both in Texas)....
ENCANA CORP. $15 (Toronto symbol ECA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 971.0 million; Market cap: $14.6 billion; Price-to-sales ratio: 3.6; Dividend yield: 0.5%; TSINetwork Rating: Average; www.encana.com) has four key properties: Montney (B.C.), Duvernay (Alberta), and Eagle Ford and Permian (both in Texas)....