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Encana Corporation Message Board

  • mystery_man_444 mystery_man_444 Feb 12, 2007 10:54 PM Flag

    Can I please get a serious opinion here...

    I am new to ECA. Bought in recently around $49. With the news from the Globe and Mail today that EnCana is poised to post the biggest annual profit in the country's history on this coming Thursday. Yet ECA did not go against the grain as oil fell big time. Should we expect ECA to make a jump or at least a slight gap up prior to the opening on Thursday even though this news is now foregone conclusion? I know that Exxon Mobil did make a jump after posting record profits. I am confuse, just thought someone with more knowledge or has been following ECA can shed some light into it.

    Thanks in advance!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • What can we say?

      Whether you are in short or long for the day, the week, the month, or the long-term makes a huge difference. Most arguments here are between people with different perspectives in different timeframes.

      Long term - Encana is as rock-solid a company as you are likely to find in the Energy industry.

      Short term - trading, energy demand, and politics will swing it one way or the other.

      You have to pick your timeframe and pay attention to the relevant inputs as well as ignore the irrelevant ones.

    • Who knows what ECA will do short term. The market, the sector, oil and gas prices, the weather, the global geopolitics - all have an effect.

      But none of those affect the long term value proposition.

 
ECA
18.35-0.14(-0.76%)Oct 24 4:02 PMEDT

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