Encana (ECA) Buy Rating Resumed/Maintained at TD Securities

TD Securities resumes/maintained a Buy rating on EnCana Corp. (NYSE: ECA) with a price target of $31.00

Analyst Menno Hulshof said, "Our tune on ECA hasn't changed since we upgraded back in July 2013. We remain constructive on the name given: 1) the value of its asset portfolio on a sum-of-the-parts basis (this has been and remains a key tenet of our thesis given our estimate of $29.30/share), 2) its liquids growth potential (our growth estimates are summarized in our report entitled "ECA's Liquids Initiatives - What is the Real Growth Potential?"), and 3) its torque to any improvement in North American natural gas fundamentals – in spite of the recent pull-back, the outlook is still significantly better than a year ago."

For an analyst ratings summary and ratings history on EnCana Corp. click here. For more ratings news on EnCana Corp. click here.

Shares of EnCana Corp. closed at $20.95 yesterday.

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