EnCana & Cenovus are buys

Article Excerpt

ENCANA CORP $36.15 (Toronto symbol ECA; Shares outstanding: 750.3 million; Market cap: $27.1 billion; SI Rating: Average; Dividend yield: 2.2%) focuses on unconventional natural gas. Its shares have moved up lately, along with higher gas prices spurred on by cold weather. CENOVUS ENERGY $27 (Toronto symbol CVE; Shares outstanding: 751.3 million; Market cap: $20.3 billion; SI Rating: Extra Risk; Dividend yield: 3.1%) specializes in oil-sands projects, oil refineries and conventional natural gas. Oil sands will need much higher oil prices to attract a lot of investor interest. Cenovus shares have moved sideways since the split from EnCana. EnCana is the more conservative of the two, with an SI Rating of Average. We see both as buys. buys…