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  • Chad Buck
    Participant
    January 24, 2020 at 2:32 PM
    Post count: 23
    #9838

    Is this EnCana still a solid company? I understand that it is going to move as oil moves however, I am trying to decide if I need to “cut bait”. Thank you

    • This topic was modified 4 years, 2 months ago by Chad Buck.
    Andrew Graham
    Participant
    January 24, 2020 at 2:43 PM
    Post count: 186
    #9840

    I still have it too…it will become a US (Denver)-based company called Ovintiv sometime soon and not sure how/if that will affect the stock price?!

    Sean Hyman
    Moderator
    January 24, 2020 at 2:45 PM
    Post count: 6724
    #9841

    While their cash is lower than I’d like and their debt is higher than I’d, they made as much in earnings last year as the market is pricing as their market cap. And their P/E is cheap. So while there no assurities, they still made almost $4 billion last year. Doesn’t sound like a company ready for the dustbin to me. https://finance.yahoo.com/quote/ECA/key-statistics/

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