Ovintiv Inc OVV

Support & Outlook

[Fastlane2]

Here we are nearing the end of 2019 and Encana hasn't received much love, however looking over the last quarterly report in detail there is a lot to like about the 4th. quarter and the guidance for 2020. The risk management section provides some insight: As of September 30, 2019 , Encana has hedged approximately 175.5 Mbbls/d of expected oil and condensate production at an average price of $57.37 per barrel for the balance of 2019. The Company also has about 864 million cubic feet per day (MMcf/d) of its expected remaining 2019 natural gas production hedged at an average price of $2.75 per thousand cubic feet (Mcf). Encana has also hedged approximately 119 Mbbls/d of expected oil and condensate production at an average price of $54.83 per barrel for 2020. The Company also has about 1,038 MMcf/d of its expected 2020 natural gas production hedged at an average price of $2.65 per Mcf.

[Fastlane2]

So we are going to open around $6.11 stabilize around $6.04 before we run to $6.30ish and follow through on Monday. We will a run at $6.50 in short order, let's see what the volume looks like today. 

[regardless]

Let's see if your right fast lane  relaity is our quarterly here should be a big cash flow display and definitely a beat on the streets that would make 6 quarters straight and no love no reason why this isn't at 7-8$ American here  but  do you feel suttles is got a deal in the works for as soon as don't click my spam links below. becomes wholly American? they need to

[Fastlane2]

I agree with your anaolgy and yes Encana is out of favour however every analyst keeps chirping about either their debt or how they over paid for Newfield, however during that purchase every analyst was celebrating about the perfect match and how Encana was positioned to be a big fish in the American pond, how fast the FOMO crowd swing and change their minds. The fundamentals for Encana are solid