Encana Will Turn AroundModt Oil companies have gone down due to the oil crash in 2018. Oil prices have recovvered now and most oil companies like Encana have hedges in place to protect them from a fall in oil price. Encana is a very good vompany and it will never go bankrupt. It did recent transactiom that was a one time cost. But like in business you need to spend money to make money. Encana will turn around and by next year the stock price will go back to the $12 to $14 range