Encana is an energy producer that is focused on developing its multi-basin portfolio of oil, natural gas liquids (NGL) and natural gas producing plays. Co.'s reportable segments are: Canadian Operations, which includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada; USA Operations, which includes the exploration for, development of, and production of natural gas, oil and NGLs and other related activities within the U.S.; and Market Optimization activities are managed by the Midstream, Marketing & Fundamentals team, which is primarily responsible for the sale of Co.'s proprietary production to third party customers. We show 25 historical shares outstanding datapoints in our ECA shares outstanding history coverage, used to compute ECA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ECA market cap history over the course of time is important for investors
interested in comparing ECA's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ECA versus a peer is one thing; comparing
ECA market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ECA can fluctuate over the course of history.
With this page we aim to empower investors researching ECA by allowing them to research the ECA market cap history. |
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Video: The Importance of Market Cap
