Encana - when timing is just plain wrong
When it comes to blowing it with stocks, Encana (ECA) is certainly one of those rookie learning experiences I've acquired. At times, I've held this stock for a gain in 2010 as this stock see-sawed between $27 and $35, but since 2011 this thing has been nothing but a dog. Why did I purchase it? Well, to start with, I wanted international exposure in my portfolio. Sure, Canada isn't one of the superior emerging markets, but if you follow stocks and understand the emerging markets at all, you'd realize that there are few examples of companies from other countries that are doing really well right now. Canada was a strong economy - especially compared to the US, energy was a sector I wanted in my portfolio because, historically, there have been few other areas with the kind of returns as energy stocks. This particular company was also a play into Natural gas - a fossil fuel that seemed to make sense as a source for future energy as oil has been precariousl...