Bullboard - Stock Discussion Forum Encana Corporation T.ECA

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Encana is an independent oil and gas producer with key assets in the Permian, Eagle Ford, Montney, and Duvernay areas. At the end of 2018, the company reported net proven reserves of 726 million barrels of oil equivalent. Net production averaged 361 thousand barrels of oil equivalent per day in 2018 at a ratio of 43% oil and natural gas liquids and 57% natural gas.

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Encana Corporation > Keep going up from here or re-test $13-14?

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Post by nickshan on Aug 12, 2020 9:19pm

Keep going up from here or re-test $13-14?

Sold all the October16 call options I bought back in March. I'm very happy with the 800%+ ROI even though this beast may just keep going up...

Looking to buy back in if it drops below $14.

Good luck to all the longs!

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Comment by regardless on Aug 13, 2020 12:45am

Nick Shan I'm wondering the samemthing i sold out yesterday around 16.50$ when it bounced off the high three times and didn't break through then I thought it was gonna crater today after the huge drop yesterday but it didn't... so like a numbskull I bought back in at 15.45$ to see what of any momentum in oul there would be with yet another healthy draw and more draws to come Technical ...more

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Comment by nickshan on Aug 13, 2020 1:41am

Regardless, same here, I sold all my call options yesterday when it retreated to $16.10 CAD before it closed at the all-day low $15.30. I thought it would drop further... But when it went up above $15.50 this afternoon, I almost buy back in. Well good luck to you. If I miss the boat from here, I may have to switch my focuse to Air Canada... Cheers!

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Comment by regardless on Aug 13, 2020 1:55pm

Sold at 15.68$ bought again at 15.48$ it smells fishy ... doesn't wanna drop into the abyss like usual also doesn't wanna bounce back I might just get out at even here today if I can

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Encana Corporation