January 24, 2018 / 11:57 AM / a year ago

BUZZ-Morgan Stanley upgrades Encana, downgrades Husky

** Encana Corp to see free cash flow this year, helping higher growth and shareholder returns, write Morgan Stanley analysts, upgrade to “overweight” from “equal weight”

** Confident of the Canadian oil and gas producer’s 5-year plan as it achieves self-funding, 2018 looks locked-in with potential upside

** Shifts ratings skew toward more upstream exposure; expects global demand to outpace supply again this year

** Downgrades Husky Energy to “underweight” from “equal weight”; says co to benefit least from higher crude prices

** Dividend growth will disappoint investors given HSE’s free cash flow profile is much less robust than peers - analysts

** Q4 focus on execution of previously defined plans, capital budget and allotment for companies such as Canadian Natural Resources, Cenovus, Imperial Oil (Reporting by Anirban Paul)

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