It is a good company, which I have owned when it was 70% owned by Canadian Pacific. However I disagree with management decision to use some of its cash flow to buy back shares. It should use its cash flow to pay down debt or build up its cash flow. Or, better yet, invest in alternative energy.
Analysts Divided on EnCana's Estimates [View article]
One must remember that ECA owns most of their own land which is located in Canada and the USA. As demand for oil and gas continue to increase thoughtout the world, I think ECA's assets will only go up in value.
Keep EnCana On Your Short List [View article]
Analysts Divided on EnCana's Estimates [View article]