This Oil Stock Could Fuel Huge Returns for Investors in the Coming Years

This Oil Stock Could Fuel Huge Returns for Investors in the Coming Years

Before oil prices plunged a few years ago, shale drillers generally pursued production growth at all costs. That led most to outspend cash flow by wide margins, with many piling on a mountain of debt to drill more wells. 

However, after getting singed by that aggressive approach when prices crashed, many drillers are being much more conservative this time around, now aiming to grow production within cash flow around current oil prices. That said, some oil companies have taken a different approach, putting the priority on drilling to increase cash flow, instead of drilling through their cash flow. One of the leaders of this new breed of oil stocks is Encana (NYSE: ECA), which is emerging as a top-tier choice for investors.

Image source: Getty Images.

Continue reading

Source: Fool.com