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Filed under: Newsletters, Canada, Commodities, Oil, Stocks to Buy, Green Stocks

"The global oil and gas majors have been brutally wounded since energy prices peaked last July," observes resources expert Eric Roseman.

In his Commodity Trend Alert, he explains, "We believe it's safe to start accumulating these companies again. We're buying one of the largest and best-managed natural gas companies in the world - Encana (NYSE: ECA)."

"The global oil and gas majors have been brutally wounded since energy prices peaked last July," observes resources expert Eric Roseman.

In his Commodity Trend Alert, he explains, "We believe it’s safe to start accumulating these companies again. We’re buying one of the largest and best-managed natural gas companies in the world – Encana (NYSE: ECA)."

"Based in Calgary, Alberta, Encana is Canada’s largest natural gas distribution company based on stock market capitalization and natural gas production.

Canadian Producers offer attractive investment value, in our opinion, as stock prices are up from the lows after declining in anticipation of the depressed economic conditions now unfolding. We limit our number of buy recommendations until stock price breaks through the 200-day average to the upside or something surprising happens.

"Even if the bear market bottom is not yet in place, it will most likely come a lot sooner than many now believe," says market historian and money manager Jim Stack.

In his InvesTech Market Analyst he takes a look at past recessions, the recent market action and the outlook for the stock market and the economy, as well as select energy stocks that he has upgraded.

"Surprising to most, this is already one of the longest recessions of the past 70 years. Only 1973-74 and 1981-82 were longer at 16 months.

The problems of excessive leverage in the financial sector have contributed to bargain stock prices for healthy energy companies, particularly in Canada where the recent strength of the U.S. dollar adds further to the current attraction of buy recommendations Encana (ECA) and Canadian Oil Sands Trust (COSWF.PK). By the McDep Ratio, only the emerging market group, Brazil/Russia/China, is more depressed in price than Canada.