5 Oil & Gas Stocks to Buy Today According To Rajiv Jain’s GQG Partners

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In this piece, we will take a look at the five oil and gas stocks to buy today according to Rajiv Jain’s GQG Partners. If you want to learn more about Mr. Jain and his hedge fund, then head on over to 10 Oil & Gas Stocks to Buy Today According To Rajiv Jain’s GQG Partners.

5. Enbridge Inc. (NYSE:ENB)

GQG Partners’ Stake Value: $380 million

Percentage of GQG Partners’ 13F Portfolio: 0.94%

Number of Hedge Fund Holders: 22

Enbridge Inc. (NYSE:ENB) is an infrastructure firm that is involved in the storage and transportation of natural gas. The company invests in natural gas pipelines and storage facilities. It also distributes natural gas to commercial, retail, and industrial customers in Canada.

By the end of Q4 2021, Mr. Jain’s investment firm owned 9.7 million Enbridge Inc. (NYSE:ENB) shares. These were worth $380 million and represented 0.94% of its portfolio. During the same time period, 22 of the 924 hedge funds polled by Insider Monkey owned the company’s shares.

Enbridge Inc. (NYSE:ENB) posted CAD$0.68 in non-GAAP EPS for its fiscal Q4, missing analyst estimates for the metric. BMO Capital raised the company’s price target to $59 from $57 in February 2022, alongside keeping an Outperform rating on the shares.

Joseph Sirdevan’s Galibier Capital Management is Enbridge Inc. (NYSE:ENB)’s largest investor after GQG Partners. It owns one million shares worth $43 million.

ClearBridge Investments mentioned Enbridge Inc. (NYSE:ENB) in its third quarter 2021 investor letter. Here is what the fund said:

“We are meaningfully overweight energy, particularly within North American energy infrastructure. Enbridge and Williams, our two infrastructure holdings, possess crown jewel infrastructure assets. They each deliver meaningful proportions of the overall energy produced and consumed in North America. Their revenues are backed by long-term contracts with high-quality counterparties and have little direct commodity price exposure. Their growth has been driven by the increasing production of North American energy. The advent of unconventional oil and gas production (oil sand and shale) has made North America a low-cost competitor on a global basis. We expect strong North American production to be an enduring feature of global energy supply for decades to come.”

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