Topic: How To Invest

The Successful Investor Hotline – Friday, January 6, 2017

Article Excerpt

ENCANA CORP., $17.12, Toronto symbol ECA, focuses its oil and natural gas production on four key projects: Montney (B.C.), Duvernay (Alberta), and Eagle Ford and Permian (both in Texas). Those fields also produce large amounts of natural gas liquids such as propane and butane. For 2017, the company expects to generate gross profits of $10 U.S. per barrel (including natural gas). That’s up 25.0% from its earlier forecast of $8 U.S. a barrel. The gain is mainly due to lower production costs and higher oil prices. As well, starting in the fourth quarter of 2017, the company plans to increase production at all four of its main projects by 30%. That will continue for all of 2018 and boost Encana’s gross profits to $13 U.S. a barrel. OUR RECOMMENDATION: Encana is a buy. Encana recent coverage December 2016 issue Hotline for October 7, 2016 IGM FINANCIAL INC., $40.43, Toronto symbol IGM, is Canada’s largest independent mutual-fund provider. Its main businesses are Investors Group, Mackenzie Financial and Investment…