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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (54520)	11/25/2014 2:15:32 AM
From: Brian Sullivan	Respond to of 78673

A recent buy of mine: Encana's bullish thesis intact despite energy price woes, RBC says Encana (NYSE: ECA) could nearly double in the next year, as its ambitious restructuring plan, which includes a 20% workforce reduction and spinning off its Alberta land holdings into a separate company, should begin to pay off, RBC Capital analysts say. Because of the recent broad decline in energy stocks, investors have not priced in the effects of the restructuring, RBC says; ECA is trading at a debt-adjusted cash flow multiple of 5.5x vs. an average 6x for its E&P peers. The firm believes ECA "has some of the best real estate on the block when it comes to North American resource plays and possesses solid execution capability."