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Strategies & Market Trends : Value Investing

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To: Mattyice who wrote (53574)	11/17/2014 1:18:50 PM
From: E_K_S	Read Replies (1) of 78763

Encana Corporation (ECA) -NYSE Started a small position last week with ECA. The company has sold some non-core assets, has consolidated their acreage in U.S. and Canada and has good NG reserves. I have been clearing out my small cap E&O losers and replacing them with a few small cap names (SFY & MHR) and now ECA. I have been following ECA since they started to divest themselves last year from many of their non-core holdings. The stock came up undervalued on my on my Graham No valuation so I started a small position @ $17.31/share. I sold out of my DEJ and may also close out SSN one that I have held a long time but just keeps falling in price. My premise is that if I focus on profitable E&O companies with good acreage that can service the NG sector that have a sustained drilling program that replaces their reserves, if/when the market turns, these stock will be higher in price. EKS

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