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What’s Making Institution Investors Bullish on Encana

Kurt Gallon
Updated
What’s Making Institution Investors Bullish on Encana

Fidelity Management & Research added a major position in Encana (ECA) during the second quarter, buying 22.7 million ECA shares for $296.9 million. Point72 Asset Management followed, adding 8 million positions. Meanwhile, Causeway Capital Management and Viking Global Investors, the biggest sellers, sold 10.3 million and 9.8 million ECA shares, respectively. Among ECA’s top five buyers and sellers, 5.3 million net positions were added, indicating bullishness. ...

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