Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Encana Corp (NYSE: ECA)
Encana is an independent oil and gas producer with key assets in the Permian, Eagle Ford, Montney, and Duvernay areas. At the end of 2017, the company reported net proven reserves of 790 million barrels of oil equivalent. Net production averaged 361 thousand barrels of oil equivalent per day in 2018, at a ratio of 43% oil and natural gas liquids and 57% natural gas.
A quick look at the price chart below for Encana shows us that the stock is down 35% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 6.04 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Encana include:
Steve Cohen – 42,878,499 total shares
Chris Davis – 41,529,994 total shares
Ken Griffin – 20,605,997 total shares
Jim Simons – 8,904,300 total shares
Paul Singer – 3,050,000 total shares
George Soros – 2,000,000 total shares
Lee Ainslie – 823,060 total shares
Bill Miller – 574,170 total shares
Ray Dalio – 401,415 total shares
Cliff Asness – 123,449 total shares
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