Encana (ECA) will be added to the Sweet 16
Posted: Fri May 17, 2019 2:33 pm
I will be adding ECA to the Sweet 16 in my next newsletter. We will be sending out a profile on it this weekend.
ECA is a large-cap with over 550,000 Boepd of production (55% liquids) on-track to an exit rate over 600,000 Bodpd.
It is trading today at less than 4X my operating cash flow per share estimate for 2019.
ECA's merger with Newfield closed in mid-February and Q2 results (the first full quarter since the merger) should be very impressive.
It pays a dividend
Free cash flow from operations is funding an aggressive stock repurchase program.
ECA is a large-cap with over 550,000 Boepd of production (55% liquids) on-track to an exit rate over 600,000 Bodpd.
It is trading today at less than 4X my operating cash flow per share estimate for 2019.
ECA's merger with Newfield closed in mid-February and Q2 results (the first full quarter since the merger) should be very impressive.
It pays a dividend
Free cash flow from operations is funding an aggressive stock repurchase program.