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EnCana upgraded to strong buy at Raymond James

LONDON (MarketWatch) — Raymond James upgraded EnCana Corp. to strong buy from outperform, citing its proposal to reorganize into two publicly traded companies. “The outlook for each of the proposed new companies is better than EnCana as it is currently configured,” Raymond James said. The broker added the natural gas resource arm would have good growth prospects because it would contain all the highest-growth natural gas assets. The oil sands business could be valued at a higher multiple, closer to peers, following the separation, the broker added.
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Original post by Forextvblog

This entry was posted on Monday, May 12th, 2008 at 8:20 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “EnCana upgraded to strong buy at Raymond James”

  1. Forex » EnCana upgraded to strong buy at Raymond James Says:
    May 12th, 2008 at 9:57 am

    […] Mammatus wrote an interesting post today onHere’s a quick excerptEnCana upgraded to strong buy at Raymond James May 12th, 2008 LONDON (MarketWatch) — Raymond James upgraded EnCana Corp. to strong buy from outperform, citing its proposal to reorganize into two publicly traded companies. “The outlook for each of the proposed new companies is better than EnCana as it is currently configured,” Raymond James said. The broker added the natural gas resource arm would have good growth prospects because it would contain all the highest-growth natural gas assets. […]

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