I slept on this card so hard because I fixated on the idea that I was giving up a card and a resource just to (what I felt like) was just trading in one encounter card (which would probably be fine anyway, since Guardians tend to be pretty mythos resistant) with another, but I've come to really appreciate how much this card does.
It does cost a card and a resource, and you don't even know if the card you were going to get anyway might have been an enemy or a treachery that would have been easily solvable. And yet, this is so, so worth it.
Firstly, in a vast majority of scenarios, the odds of whiffing is absolutely miniscule. The math would depend on the exact configuration for each scenario, but even if you have an encounter deck with 40 cards with only 4 enemies in it, you have an 89% chance of hitting! I'm not sure of the exact numbers, but I think a vast majority of scenarios are going to have better odds than that.
In my opinion, what makes the card worth it, is that the enemy spawns engaged with you instead of anywhere else. That means that if it is aloof, you're not wasting engage actions. If it spawns away from you, in an empty location, etc., you're not having to go off-course, probably wasting multiple actions, just to chase it down. If it has concealed, it doesn't resolve its concealed keyword and make you hunt the shadows. If it is added to your hand, it bypasses that! (iykyk)
Lastly, a vast majority of guardians/killers are going to get some form of reward for killing/fighting enemies. Roland can use this at a high-shroud location to get a clue, it can be used to pop off with Scene of the Crime, Evidence, Glory, etc., Zoey gets her money back, Tony gets the free action and gets the resource back with his Bounty and gets to trigger Lucky Cigarette Case for the card, plus any other "succeeds by" bonuses he might have (and he's actually otherwise soft to the actual treacheries!)
I feel like this, along with Kicking the Hornets Nest (and the new card draw one to come in the Drowned City), require actual play with cards that synergize with them to fully appreciate, as you can't just run the numbers of "is this amount of damage worth this amount of actions/resources" like weapons, clue-finding events, etc.