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 62% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.45 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Encana include:
Chris Davis – 50,296,797 total shares
Steve Cohen – 28,780,156 total shares
Jim Simons – 11,666,200 total shares
Ken Griffin – 3,091,263 total shares
Jim O’Shaughnessy – 403,507 total shares
Ray Dalio – 401,042 total shares
Cliff Asness – 55,386 total shares
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