Encana Corporation (ECA)

[PINKYXXX]

Yuck! Might pick up some 3s

[ThebondoKid]

u could see $12 in about 18 months.....

[Timothy Smith]

Needs to happen but it seems like it's going to have some issues getting through until after 2016.

[realtorwsm]

http://seekingalpha.com/news/2821766-house-votes-to-lift-crude-exports-but-senate-outcome-less-certain#/email_link

[Timothy Smith]

Starting to look very attractive for the mid term.

[realtorwsm]

No oil/coal/energy in general reached its bottom, shorts covered, + global news=what took place this past week. I plan on buying on the pull back. More rig and BTU also!

[Timothy Smith]

Do you think this rally has been largely influenced by Syrian escalation?

[realtorwsm]

I added last week and today...its looking good!

[realtorwsm]

If Russia can't aim their cruise missiles any better than that we may see a $100 a barrel sooner than we think.

[Timothy Smith]

Encana (NYSE:ECA) +6.4% premarket after agreeing to sell its Denver Julesburg Basin assets in Colorado for ~$900M to an entity 95% owned by Canada Pension Plan Investment Board and 5% by The Broe Group.

The assets produced an average of 52M cf/day of natural gas and 14.8K bbl/day of crude oil and natural gas liquids in H1.

ECA says the deal brings total cash proceeds from divestitures in 2015 to ~$2.7B and expects to reduce net debt in 2015 by $3B by year-end.

[rawiron1]

Up $4 in about a week. I am averaged in at $12.78 so hopefully I will see green in a week or 2.

ECA

[Timothy Smith]

Following the trend of oil prices. Will it sustain?

[realtorwsm]

Jumping out of a double bottom, aren't we!

[Timothy Smith]

Always happy to compare notes and ideas. Join us on my commodity board if you like to discuss more broadly.

[PINKYXXX]

Well said.. Ty for your help I appreciate it.

[Timothy Smith]

@Baller - $ECA is a major producer in Canada and for all producers there access to world markets has been difficult with exporting restrictions. While I am not versed on any impacts of pipelines $ECA may have but better access to markets is critical to better pricing and volumes to their products.

[PINKYXXX]

Will this Ticker have any exposure to the Keystone pipeline if/when it opens ?

[Timothy Smith]

$ECA opens to solid gains after reporting that its assets in the Permian, Eagle Ford, Duvernay and Montney basins produced an average of 257K boe/day in August, up 15% from 223K boe/day in Q2.

[Timothy Smith]

HOUSTON — Encana Corp. said Tuesday it will sell $850 million of Louisiana shale play acreage to a partnership between a closely held Woodlands oil and gas driller and a private equity firm.

The properties, located in DeSoto and Red River Parishes, Louisiana, total 112,000 net acres and 300 wells in the Haynesville Shale. After the deal closes in the fourth quarter of 2015, they’ll be owned and operated by GEP Haynesville, a joint venture between private driller GeoSouthern and private equity shop GSO Capital Partners LP.

[PINKYXXX]

Nice Bounce just getting started!! with winter on the horizon might be set up to be a good swing play !

[Timothy Smith]

Encana (NYSE:ECA) +2.9% premarket after agreeing to sell its Haynesville natural gas assets in Louisiana to GEP Haynesville, a joint venture formed by GeoSouthern Haynesville and funds managed by GSO Capital Partners, for $850M.

[PINKYXXX]

Tiiiiiiimmmmbbbber

[PINKYXXX]

Wanna pull the trigger but dont see a bottom yet. Oil gettin crushed

[Timothy Smith]

ECA +0.3% is upgraded to Outperform from Market Perform with a $15 price target at BMO, which finds ECA's stock valuation highly compelling and trading at a discount to its peer group median.

[Timothy Smith]

Encana (ECA +0.3%) is upgraded to Outperform from Market Perform with a $15 price target at BMO, which finds ECA's stock valuation highly compelling and trading at a discount to its peer group median.

[Timothy Smith]

Encana (NYSE:ECA) reported its Q1 operating earnings tumbled 98% Y/Y to $9M from $515M, after factoring out a $1.2B impairment charge largely related to slumping oil and gas prices, but still came in ahead of analyst estimates.

[feistyshark]

Oil is getting clobbered today! Russia is feeling the pain! It's GeoPolitica!

[feistyshark]

With all coutries pumping oil out at the max the price should go down to $40 per barrel in a few months!

[feistyshark]

Company is sitting on a lot of debt too!

[tony1775]

Company sitting on a lot of cash, and oversold will keep an eye on reversal.

[Timothy Smith]

Cause we always agree with Cramer lol.

[Timothy Smith]

So far U.S. shale oil production has blown past the U.S. Energy Information Administration's (EIA) estimates.

Two years ago, EIA predicted shale oil production could reach 2.8 million barrels per day by 2035; just a year later, in 2013, the U.S. produced 3.5 million barrels.

The agency has now forecast a 37% increase in shale oil production between 2013 and 2020, based on output from nine different regions.

[Timothy Smith]

Prices continue to drive higher?

[waterchaser]

It appears that some do not want canadapetro in their portfolio.

[ospreyeye]

ECA: sweet chart…..great call bud….congrats…….$$$

[BottomBounce]

$ECA Encana Why This Resource-Rich Country Should Be in Your Portfolio http://www.barchart.com/headlines/story/84283/why-this-resource-rich-country-should-be-in-your-portfolio

[BottomBounce]

Oil thirst rising as Iraq unrest boosts prices http://www.usatoday.com/story/money/business/2014/06/13/global-oil-demand-rises-amid-iraq-unrest/10418419/

[BottomBounce]

$ECA on Twitter https://twitter.com/encana

[BottomBounce]

$ECA Deep Panuke project (Video) https://twitter.com/encana

[BottomBounce]

$ECA Encana Oil & Natural Gas S&P Capital IQ
Last Reported 5/31/14*3 Stars*

[BottomBounce]

$ECA Encana Oil & Natural Gas SmartConsensus Report
Last Reported 06/04/2014 *HOLD*

[BottomBounce]

$ECA Market Edge Second Opinion
Last Reported 5/30/14 "LONG"

[BottomBounce]

$ECA Over-Allotment Option Exercised In Connection With PrairieSky Royalty Initial Public Offering

[BottomBounce]

$ECA Encana: Underwriters Exercise Over-Allotment of 7.8M Shares in PrairieSky IPO>ECA

[BottomBounce]

$ECA Encana: Over-Allotment Option Brings Additional Gross Proceeds to Encana of $218.4M in IPO

[BottomBounce]

$ECA Encana to Hold 54% of the Common Shares of PrairieSky After IPO

[BottomBounce]

$ECA Encana Estimates Aggregate Gross Proceeds in IPO of $1.67B

[BottomBounce]

$ECA (Oil & Natural Gas) Encana Estimates Aggregate Gross Proceeds in IPO of $1.67B

[Timothy Smith]

$ECA I am long. They are doing good things in their development programs.

[BottomBounce]

WTI Gains Second Time in Three Days on China Data: Brent Steady http://www.bloomberg.com/news/2014-06-01/wti-gains-second-time-in-three-days-on-china-data-brent-steady.html