Is Encana Turning Around?

With the Resources sector taking a recent drubbing, I set out to find a strong company that had been beaten down to invest a small amount of money in as a rebound or turnaround play.  One of the best investment ideas that I have found is Encana (ECA).
*Please note that this chart is in Canadian Dollars (CDN).
Encana (ECA)

 

As you can see by the 6-month chart, Encana (ECA) appears to have leveled off above support levels and is turning around on increased volume.
Encana Fundamentals
ROA – 15.97%
ROE – 38.08 %
Current Ratio – 0.99
Profit Margin – 46.8%

Encana’s dividend yield of 0.90% is above it’s 5-year average yield of 0.70% and have recently increased the dividend rate to $0.40 from $0.30 per share.

Please do your own due diligence.

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