The Worst Mistake Encana Corp. Investors Can Make Right Now
Canadian shale driller Encana (NYSE: ECA) has engineered a remarkable turnaround over the past couple of years. The company sold low-margin, growth-constrained gas assets and used that cash to buy higher margin, growth-focused oil assets as well as repair its balance sheet. The results have been phenomenal and have ignited the stock, which has more than doubled from last year's bottom.
For investors who took a flier on Encana in the last two years, it can be tempting to cash in on this run. However, that would be the worst mistake they could make, in my opinion, since the company is just getting started on its five-year growth plan. That plan has the potential to fuel even more gains, especially given the increasing likelihood that Encana could outperform its goals.
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Source: Fool.com
Devon Energy Corp. Stock
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With a target price of 57 € there is a positive potential of 36.66% for Devon Energy Corp. compared to the current price of 41.71 €.
