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Encana

Buy Encana stocks

ENCANA (ECA) Stocks

ABOUT ENCANA

Encana Corporation is now also known as Ovintiv. It is a leading North American and Canadian energy producer with headquarters currently still in Calgary, Alberta. Before the sale of certain assets in 2013 it was the largest natural gas producer in Canada.

The company announced earlier in 2019 its intention to change its name to Ovintiv and relocate its corporate headquarters to Denver, Colorado in the United States.

Encana Corporation explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company was founded in 1971.

They produce the oil and natural gas people need to heat their homes, power their cars and manufacture the things that make their lives better.

The company is ranked 1134th on the Forbes Global 2000 and has been included on the Dow Jones Sustainability Index.

OVERVIEW OF ENCANA

  • Encana Corporation and its subsidiaries is active in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids.
  • The corporation holds interests in various assets like the Montney in northeast British Columbia and northwest Alberta, Duvernay in west central Alberta, Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke in offshore Nova Scotia.
  • The company also owns interests in the Eagle Ford in south Texas and Permian in west Texas. It markets its products to refiners, local distributing companies, energy marketing companies and electronic exchanges.

VISION AND VALUES OF ENCANA

  • Encana Corporation’s vision is to be known for its operational excellence, top tier assets, market fundamentals and strategic resource allocation. They are disciplined and focused on rapid deployment of successful ideas and practices across their portfolio, driving efficiency, innovation, scale and sustainability to deliver profitable growth.
  • Its core values include safety, trust, integrity and respect and to be truthful, deliver on promises and uphold commitments.
  • Encana Corporation adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF ENCANA

  • Encana Corporation’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol ECA listed in the Oil and Gas Producing, Energy sector.

  • Highlights of the company’s recent performance in 2019 include net earnings of US Dollar 149 million, or US Dollar 0.11/share, with non-GAAP operating earnings of US Dollar 195 million, or US Dollar 0.15/share; cash from operating activities of US Dollar 756 million with non-GAAP cash flow of US Dollar 817 million.

  • Non-GAAP free cash flow was US Dollar 251 million.

  • Due to Encana Corporation’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy ENCANA stocks / shares – A Step by Step Guide how to Buy / Purchase ENCANA Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy ENCANA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ENCANA STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE ENCANA STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ENCANA stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy ENCANA stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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