STOCKCHASE

He is looking at a 9-month 5 wave bear. Chart for 2011 shows one of the worst extreme bears he has seen in a large cap energy stock. Too much deviation from the 50 and 200 days, so is clearly oversold.

2012-01-27

DON'T BUY

19.740

Stan Wong

Short-term possibility for profits? Down over 35% over the last 12 months but year-to-date is up almost 12%. This goes in hand with natural gas prices moving up slightly due to some production being taken off-line. Still a tremendous oversupply, inventory is quite high and we are having some pretty warm weather. Outlook for natural gas is still pretty negative.

2012-01-26

Comment

20.750

Michele Robitaille

There has been a huge collapse in the prices of most gas stocks in the last couple of weeks, particularly in the higher growth names. In the near-term, this one looks good. She is bearish on natural gas but feels it has been over done. Expect there will be more shutting down of dry gas production, which will be positive for gas prices. This one should be good for the next 12 months but she does have concerns because their focus is so much on dry gas. (See Top Picks.)

2012-01-25

TOP PICK

19.000

Severely undervalued. Natural gas prices have created a selloff, which he feels has been overdone. Nice dividend. Have some of the best properties in North America for natural gas resource development. Well-managed. 3-5 year outlook for this.

2012-01-23

DON'T BUY

17.690

David Cockfield

Nat Gas: Was a big fan about a year ago. When they spit he got out of it. Price of gas has gone lower than he figured. Cash flow will slow considerably.

2012-01-20

WAIT

17.620

Natural gas is about $2.50 so not many companies are making my money on Natural Gas. Eventually the price will get to the point where it is self-corrected. It’s too late to short because it has already gone down so far. He thinks they will try to maintain the dividend if they can. He is not buy Nat. Gas stocks, as it is a little early. He is in the process of selecting a Nat. Gas stock. Wait until Gas turns.

2012-01-19

Comment

17.690

Sandy McIntyre

If this company stays too cheap for too long, it will come into play as a takeover candidate. To buy would be a speculation as opposed to an investment.

2012-01-18

DON'T BUY

17.690

Paul Gardner, CFA

All natural gas assets and the natural gas environment is in horrible shape. Dividend is safe. Well capitalized. Have hedged out their production. The trouble is, what happens in 2014-2015?

2012-01-18

Comment

17.380

Price of natural gas is unbelievably horrible. This company is essentially 100% natural gas and is in big trouble. He would see them probably committing most of their budget to look for oil or natural gas liquids.

2012-01-16

HOLD

18.200

This is one he struggles with. They do have a dividend and he thinks it will increase over time, but it is definitely an under performer. Low cost producer and finding lots of gas but as they find more and their competitors find more, the price goes down. They addressed their balance sheet problems. It could be dead money for 18-28 months.

2012-01-12

PAST TOP PICK

19.260

(A Top Pick Apr 1/11. Down 40.7%.) A nasty chart and he would not add to the position.

2012-01-06

SELL

18.860

John Zechner

Would shift to an oil stock. There is a disruptive technology in natural gas that you don’t see in any other commodity where there has been so much new supply created. Doesn’t feel natural gas prices are going anywhere for a long time.

2011-12-28

HOLD

18.560

Hap (Robert) Sneddon FCSI

On a longer-term basis, this is extremely undervalued given the properties they own but with gas selling in the low $3 the stock price is reflecting this. One of the best positioned companies to take advantage in the event of a turnaround in gas prices.

2011-12-19

Comment

18.710

Dennis Da Silva

North American premiere player in natural gas resource plays. Wish they had a higher liquids content which they are trying to address. Stuck in the mud right now with being so focused on dry gas. Feels the 4.4% dividend is pretty safe, so you are getting paid to wait.

2011-12-15

Comment

18.710

Into some base building right now but still has a slight downtrend to it. Nothing is driving this stock to get higher but when something is basing, the downside is limited and that is where he would really like to go in.

2011-12-15

SELL

19.010

He would be a seller of any company that is focused 100% on natural gas. Natural gas inventories are way too high. Reserve levels are increasing due to new technology and demand is not there.

2011-12-12

BUY

19.530

Randall Abramson

Depends on Nat Gas prices. He is pretty bullish. Reality is people are switching from oil to gas. Lots of new LNG facilities being built and there will be a normalization of prices. Buy now because when gas goes up ECA will have already gone up.

2011-12-08

DON'T BUY

20.650

Brian Acker, CA

He has been negative on this stock for years, ever since the split. His model price is $13.24, a negative 35%. Will only earn $0.57 this year and $0.76 next year. Selling below book value, Dividend is not sustainable.

2011-12-02

Comment

20.300

Very leveraged to natural gas. They have decided to focus more on liquid rich natural gas but a little late in the game. She would prefer Crescent Point (CPG-T) Arc Resources (ARX-T) or Bonavista (BNP-T) which gives you between 5% and 6%.

2011-12-01

DON'T BUY

18.870

Veronika Hirsch

Now at a 52 week low. 4.6% yield is phenomenal for an oil company. Great management. The only flaw is that they are in the gas business. There is no hope for gas prices over the next year. She would own this one big time when the first LNG plant starts exporting. Canadian plants are scheduled to start in 2015.

2011-11-25

DON'T BUY

18.690

Stan Wong

Natural gas continues to languish. Some of their hedges at the higher prices are starting to roll off, which can hurt the stock even more. Not a lot of momentum in this stock and no catalyst for it to move.

2011-11-24

DON'T BUY

19.550

Bill Harris, CFA

A trade play? 4.25% dividend yield. At this point in time, the market rarely goes down and this one should have a bounce from here. All their $6 hedges are now rolling off. It is going to have a really tough time. Tourmaline (TOU-T) is the cleanest one going and the only one he would touch.

2011-11-22

Comment

19.960

Gavin Graham

The major problem is that they made a bet on gas before the shale gas explosion in supply occurred. They will get their act together and gas will be worthwhile.

2011-11-18

HOLD

20.260

Richard Fogler

Feels the dividend is safe. On the long term gas is a great thing. Half the price of Europe’s because you can’t transport it. LNG plants are being built globally. In 1.5 years you will start to see more gas being transported east, which is good for this company. If you can hold on for a few years, you’ve got a huge winner. 4% yield.

2011-11-14

HOLD

20.260

Jim Huang

One of the preeminent natural gas companies in North America. Doesn't feel gas prices will have a breakthrough for another 2-3 years.

2011-11-14

DON'T BUY

21.600

Paul Harris, CFA

Used to hedge a lot of their gas but those hedges are coming off a gas is at a very low price. There is lots of gas because of shale and LNG. If you are owning gas, you need a low-cost producer. (Prefers Tourmaline (TOU-T).)

2011-11-07

DON'T BUY

21.050

Don Lato

Sold his holdings in this company. It's a fairly benign natural gas market in this company is pretty well 100% natural gas. Doesn't see a lot of production growth in the next couple of years.

2011-11-02

DON'T BUY

21.070

Almost a pure play on natural gas. Prices are extremely depressed so this is one he wouldn’t keep in the short run. In the long run, the big energy companies are out buying gas companies but their time horizons are decades as opposed to years.

2011-10-24

DON'T BUY

20.440

Good for the long term? This is not a good time to get in. Sees natural gas prices staying below $4 for 3-5 years. Did a great job of hedging, higher than current prices. Sees them changing their strategy to focus on oil. Would recommend Suncor (SU-T) or Canadian Natural Resources (CNQ-T) instead.

2011-10-20

Comment

20.880

Colin Stewart

Natural gas liquids is a good place to be. As natural gas has been out of favour, this would be a contrarian play. Has been pretty beat up. Could be an attractive opportunity over the next year or so. One of the blue-chip players in natural gas.

2011-10-18

DON'T BUY

21.080

Jeff Black

Post the split, focused on gas but not the best timing. Natural gas has increased supplies, particularly with the shale plays. In the process of divesting a number of assets, trying to rebalance the balance sheet, which got too skewed to debt. Hard to see gas being an economic driver for the next little while.

2011-10-14

HOLD

20.780

Nat Gas and share price suffered with softness in Nat Gas prices. Dividend is safe because they have a good hedging program to protect their dividend. They are more conservative on the forecast for Nat Gas over the next few years. Thinks this is the floor for gas. Have a large inventory of properties and could sell off some properties. Descent long-term hold. Could be dead money for a while.

2011-10-12

DON'T BUY

20.830

Charles Lannon

Not his favourite name in the energy space. He thought the decision to split up the company a while back was a bad one and it turns out he was correct. Supply/demand dynamics are not favourable. Prefers Vermillion and Freehold.

2011-09-22

DON'T BUY

23.260

Doesn't like betting on weather and if it will be colder increasing demand for natural gas. Natural gas market is not growing. Dead money right now.

2011-09-14

DON'T BUY

22.680

David Burrows

Nat Gas is a tough business right now. In energy he has gone from overweight to underweight (8%). He wants a yield in energy stocks. This one is only 3%. The stock is not responding. The big producers are performing badly. He would prefer to stay away unless it has a bigger yield. Prefers mid-stream assets in energy.

2011-09-13

HOLD

24.870

Ross Healy

To go up we need a driver of Nat Gas prices and is not necessarily in the cards. The stock is fairly cheap. It’s a good place to go long term. There is not a lot of upside in gas needed to get the stock moving. Don’t add to position now. Just sit on it.

2011-08-31

DON'T BUY

24.320

Karl Berger

Depends on price of Natural gas. It is tied to the underlying commodity. Would suggest producers that have a mix in the commodity. Will be a frustrating stock. We are at a 6-year low in Nat Gas.

2011-08-30

PAST TOP PICK

24.110

(A Top Pick Sept 9/10. Down 17.16%.) When this was picked, he called it a 2-year story, but maybe it is a 3-year story. Still likes.

2011-08-29

DON'T BUY

24.890

David Baskin

Nat Gas has stabilized and wills stay around same price. Cut back CAP X program. If there is a recession Nat Gas prices will fall and affect the cash flow. Prefers more oily producers.

2011-08-24

PAST TOP PICK

24.290

(Top Pick Aug 25/10, Down 12.37%) He was early on this call. One of the biggest Nat Gas participants in North America. Good balance sheet. They can survive what has happened to natural gas. In the longer term this stock could do extremely well.

2011-08-23

TOP PICK

24.290

One of the premier companies in unconventional natural gas. Gas has been depressed and may continue for a year or two. A dominant player. Management has shown they are innovative in how they develop properties, yield in excess of 3%.

2011-08-23

Comment

23.670

Peter Brieger

Doesn't think natural gas will stay down forever. Looking at the futures curve, he sees a higher price in 2 years.

2011-08-18

DON'T BUY

25.750

Don Lato

Great company but a pure natural gas play. Natural gas remains in the doldrums and it looks like there is a lot of supply coming onto the market in the next several years. Prefers Tourmaline Oil (TOU-T) and Peyto Exploration (PEY-T).

2011-08-15

DON'T BUY

23.890

John O'Connell, CFA

Natural gas is the place to be if you are a patient investor. Splitting themselves in two was a horrible decision. Prefers Bonavista. Would take cash flow of Bonavista over the uncertainty of ECA.

2011-08-09

Comment

27.150

Tends to fall natural gas prices. Well-managed and have an active hedging program. Feels that gas prices are probably near trough levels. If you are willing to hold for a couple of years, this is probably an attractive entry level.

2011-08-02

PAST TOP PICK

29.650

(Top Pick Sep 9/10, Up 2.31%) Natural gas prices are holding this back. This was to be a two-year play. It is going to go sideways as long as nat gas prices stay where they are. Some day this is going to pay off. They have great land positions. Still adding for new clients.

2011-07-21

HOLD

29.450

Mike S. Newton, CIM FCSI

Great company, but is going to be range bound until there is more visibility on natural gas. Their joint venture with PetroChina just fell through. Expect they will get rid of some other things to shore up their balance sheet.

2011-07-19

DON'T BUY

29.530

Likes natural gas, but not now. If you want it as a hold for 3 years, he would wait 3 years before buying. Not so sure that the amount of supply coming on stream is going to be cleaned up in the next 2 to 3 years.

2011-07-06

BUY

29.780

Rick Stuchberry

This has been a frustrating story because natural gas has been basically sideways for so long. He feels natural gas is going from weak hands to strong hands. It's the Exxon’s (XOM-N) and Chevron's (CVX-N) that have been accumulating the properties. This company has a 2.5% yield so you are being paid to wait.

2011-06-30

DON'T BUY

30.750

John Zechner

This is the play if you want to be big in natural gas. He is not bullish on natural gas. We are well supplied for a period of time and doesn’t think the price will go a lot higher.

2011-06-13

TOP PICK

33.240

A way to play natural gas without having to use an ETF. Chart shows a terrific base from 2009 and now is advancing. This company didn’t suffer that much on the last correction.

2011-05-27

DON'T BUY

33.240

David Cockfield

Have huge gas holdings in the Monte shales in Alberta and arte excellent at producing that gas but headwinds are a bit too strong. Wants better gas prices before he steps in to this one.

2011-05-27

Comment

32.600

Almost a pure play in natural gas and in the short run, natural gas is an unexciting place to be. Long term natural gas is going to prove to be a good commodity, but for long term investors.

2011-05-20

DON'T BUY

31.950

David Burrows

He has avoided natural gas. His gas exposure has been in liquid rich gas such as Peyto (PEY-T) which looks quite good. There continues to be a tsunami of new gas production coming on stream.

2011-05-18

BUY

31.470

Robert Lauzon

Current price is a great entry point. Expects gas will get to the $6-$8 range in 18 months, this could be a $45-$50 stock. Blue chip with lots of assets to back it.

2011-05-09

HOLD

31.270

Is the natural consolidator in the business. Good balance sheet. Good land base. They are in a great position. They dropped some hints in their AGM that they would do some joint ventures and look at more oily plays.

2011-04-20

TOP PICK

31.180

Natural gas is not popular right now. 95% of their product is unconventional natural gas but they have some of the best properties and best plays in Canada. Market has not given them credit for the incredible deal they did with Petro China on the joint venture on some of these properties. Expecting gas prices to improve in future.

2011-04-19

TOP PICK

33.430

Feels the Bear is done and we are in a new Bull market but it will be long and agonizing. Wants a big name to Buy and Hold where money is going to flow to.

2011-04-01

DON'T BUY

33.690

Doesn’t see gas breaking out of the $4-$6 range for the next year or two. ECA is a good long term gold. Typically try to hedge production so they can find their cap-x program. Likes energy generally and if she decided to play gas, she would use juniors with more yield. Like DAY-T

2011-03-30

PAST TOP PICK

34.020

(Top Pick Apr 20/10, Up 9.70%) Expects gas to trade in $3-$6 range and to be volatile. There is lots of gas around and the demand has not picked up yet. Over the next 5 years government will encourage dirty power plants to convert to Natural Gas. Unlikely we will see any nuclear development for 5 years.

2011-03-21

BUY

31.400

Laura Wallace

Gas exposure has caused it to lag a little. Natural gas is one of the few global commodities that has not gone anywhere. Over the next couple of years we will start to see an improvement in gas prices and that will be positive for them. This company has done a good job of hedging its gas production.

2011-03-03

BUY

31.400

Longer term still has a good future. 4th quarter wasn’t quite what was expected but their finding and development costs were quite low. Announced a joint venture with Petro-China, which was a positive move.

2011-03-03

DON'T BUY

31.580

Fabulous company but almost pure natural gas. Probably too early to be buying straight natural gas companies.

2011-02-28

DON'T BUY

30.410

John O'Connell, CFA

This was a great Canadian Company but someone convinced them to split up the company and sell the royal assets. He would be cautious of this one. Management seems to him not certain about the way they want to go.

2011-02-15

Comment

30.730

Dennis Da Silva

Outlook if the PetroChina deal goes through? Positive move for this company and other players who have large resource bases.

2011-02-14

Comment

31.820

Laura Wallace

Likes this one and the whole sector. Has done a great job in hedging their natural gas exposure with almost 1/3 hedged at $6US for 2011-2012. Sold some gas properties and are going to add some oil. Good way to diversify your oil/gas holdings.

2011-01-20

TOP PICK

31.350

Ara Nalbandian

Is one of the largest operators with one of the most significant land basis in N.A. They can drive efficiencies down to where none of their competitors can. Doesn’t think the current price of Gas is sustainable. Any increase in Natural Gas will have a very positive impact.

2011-01-19

HOLD

30.930

Has had a bit of a run lately, largely because people think they are going to do a big deal with a Chinese oil/gas company. Huge land position. Probably the best positioned gas company in North America. Expect you’ll be able to Buy lower.

2011-01-17

BUY

29.220

Andrew Cook

Likes the company and their strategy of focusing on unconventional gas. Doesn’t see any downside in natural gas. If you have a 2-3 year time horizon, you will be well rewarded.

2011-01-12

BUY

28.950

Jim Huang

No way gas can stay at this level for the long term. The turnaround will probably take a little longer than everybody thinks. Gas should go to $6 in the 4-6 year time horizon. It may be dead money for a while.

2010-12-30

DON'T BUY

29.230

David Baskin

Doesn’t see natural gas going a lot higher in the next couple of years. There is still tremendous interest in the shale gas plays and fracing.

2010-12-22

BUY

28.490

One support for this is that it is loved by a lot of portfolio managers. The worrisome thing is that it has dropped under its support level. Chart shows a falling wedge and it will probably break out to the upside. You could Buy it here but put your stops right under its lows.

2010-12-20

DON'T BUY

28.130

Bill Harris, CFA

Recently reduced his position. If gas stays low, a lot of their hedging rolls off. Wants a really high quality gas investment. Gas is still valuable but there is too much of it. (See Top Picks.)

2010-12-16

WAIT

28.130

Rick Stuchberry

Give it a few more weeks, after tax loss selling. It is primed to go up. Seems to be building a base where it is.

2010-12-16

BUY

28.170

Peter Brieger

Not sure but they could be heavily into natural gas liquids, which would be helpful to them. If you are prepared to take a 1 to 2 year view, this is a first class company and you should be well rewarded.

2010-12-15

STRONG BUY

28.530

Very good company and quite compelling at these prices. Could be cash-flowing in excess of $6 in the next year or two. Great assets. Out of favour because of the natural gas exposure.

2010-12-01

DON'T BUY

28.500

Has trouble buying any gas stock right now. If you were going to Buy, this would be the season. Very little demand and too much supply.

2010-11-26

Comment

28.560

Peter Brieger

Feels natural gas is at rock bottom. In 2 to 3 years there will be significant US legislation regarding emissions on coal fired power plants, which will create a switch to natural gas.

2010-11-16

WATCH

29.420

Bruce Campbell

Need a colder than average winter to make natural gas prices go higher. There’s lots of supply. If there is not a cold winter, you are done until hurricane season next year.

2010-11-12

WEAK BUY

30.010

More of a pure play than TLM, which is his choice.

2010-11-09

SELL

29.680

Brian Acker, CA

Model price of $18.95. A distance above its model price.

2010-11-08

WAIT

29.000

John Zechner

The supply response has been too strong. Don’t rush out and do it. Go with what is working right now. He wouldn’t sell it, but wouldn’t buy it right now.

2010-11-05

BUY

28.720

Brooke Thackray

Drillers are drilling just to keep their leases. Analysts have to start using lower natural gas prices in their analysis. $30 is support and $37 is resistance. It just dropped below support. He would look for it to go up to resistance. Don’t hold past December. It IS in its season.

2010-11-01

BUY

28.300

Eric Nuttall

Dividend yield is very safe. Have a good hedging position next year and are the most cost efficient operator. Good stock for the 2.9% yield alone and he would expect a 15%-20% appreciation next year on an uptick in gas prices.

2010-10-27

HOLD

28.250

If you own, she wouldn't sell when it's below $30. You need a longer-term positive outlook on natural gas. Good yield.

2010-10-25

PAST TOP PICK

28.250

(A Top Pick Nov 19/09. Down 4%.) Announcement of curtailing production is positive. Pays roughly 3% yield.

2010-10-25

DON'T BUY

28.260

Mason Granger

The market is very disappointed in their strategy. They made a decision to take their foot off the accelerator. They have a good hedging program. It’s interesting at these prices if there is a bounce off the lows for gas prices.

2010-10-22

BUY

28.360

Rick Stuchberry

He is buying the gas trusts since they give a higher yield while he waits. This is a theme of his. Nothing wrong with Encana. You risk is that the gas market takes longer to get going. He is optimistic on gas price this winter. He would be a buyer then.

2010-10-21

WAIT

28.360

Paul Harris, CFA

Likes it and would buy it at these levels. Is down because there is so much gas around. Who will be able to get through the rough times. ECA will be able to. It will be some time.

2010-10-21

BUY

29.130

Likes it for the longer term. Earnings today below expectations. Nat Gas appears to have an over supply into 2011. Beyond that it should tighten up. It has to be above $4 and even $5 or better. This is a good place to wait for Nat Gas to go up.

2010-10-20

Comment

30.560

Bruce Campbell

If you are buying for a seasonal trade, now is just about the time to do so. Gas is running about $3.80 and normal peak should be $7-$8 but expect it will only be $5-$5.50 this winter. Stock should go up but you are going to have to be nimble.

2010-10-06

DON'T BUY

30.420

Doesn’t see good things happening to Nat Gas over the next 12 months. In 10 years it might be a great asset to be in. Switch into oily-based companies.

2010-10-05

PAST TOP PICK

31.090

Jim Huang

(A Top Pick Oct 2/09. Flat.) Gas prices have not recovered. Turnaround will come but taking a lot longer than he thought it would.

2010-09-30

HOLD

28.770

Undervalued. If your outlook is 3 years or longer, there is a lot of value.

2010-09-22

PAST TOP PICK

29.000

(A Top Pick Sept 28/09. Down 8.26%.)

2010-09-21

PAST TOP PICK

29.050

Gavin Graham

(A Top Pick Aug 25/09. Down 1.83%.)

2010-09-16

TOP PICK

29.930

(A Top Pick Nov 19/09. Up 1.2%.) Cenovus (CVE-T) split worked. Some day natural gas will go up in price and will make a lot of money being a low-cost producer. Yielding 2.5% now and will be able to grow that over time.

2010-09-09

SELL

29.700

We have way too much supply of natural gas and doesn't see it improving until all our cars are running on natural gas. Would switch into oil sands and oil company plays.

2010-09-02

PAST TOP PICK

29.250