The newest TSX's hottest stock of 2022: Ovintiv Inc. (OVV)

As predicted, the weather is super cold right now in New Brunswick. It will remain cold again tomorrow, after what, we'll get a little break, but later in the week...we'll have - again - some cold temperatures. So this is making it really a perfect time to check out my stocks and do some browsing over Stockopedia. Yesterday, I did it, I contribute one last $1,500 over my RRSP portfolio. Following what, I am done with contributing to my RRSP for 2021. Now begin for real my financial journey for 2022!

This past Friday session, my non-registered portfolio closed the session at $137,896.93, my US portfolio at $4,962.80, my RRSP - stocks only - portfolio at  64 915,32, and my TFSA portfolio at $124,843.69. I hold on to many stocks in my portfolio, and I had been holding many of them for a long time. Ovintiv Inc. (OVV) is one of those stocks. I hold OVV inside my RRSP portfolio. Before trading under the name of Ovintiv Inc. (OVV), this company was known as Encana Corp. I don't know for you, but personally, I preferred the name Encana over Ovintiv. 

Back in the day, Encana Corp. was a Derek Foster's stock. Even though OVV used to be a Derek Foster's stock, I haven't done well on that stock. I had done so badly on OVV that I am currently on a capital loss of -67.44% on that stock. This had been a hard hit to take in, but sincerely, I always taught I was going to recover from my losses on that stock, so that's why Ovintiv Inc. (OVV) had remained in my RRSP portfolio. 

This past Friday, I got a nice surprise concerning Ovintiv Inc. (OVV). For a reason or another, OVV gained +7.23% on that one single day. I still have a long way to go before I can recover that -67.44% loss, but I remain confident, still to this day. On January 12, Simply Wall St published an article regarding Ovintiv Inc. (OVV) explaining that its intrinsic calculation "suggests it's 48% undervalued". I am not exactly aware of what is an intrinsic calculation, but a 48% undervalued sound like being a pretty good thing to me. 

Does a 48% undervalued mean that Ovintiv Inc. (OVV) is currently trading at a bargain price? It could be because OVV appears in one of Stockopedia's bargain stocks screens. And surprise, surprise, Stockpedia rate Ovintiv Inc. (OVV) as a Superstock. Fine enough, however, I wouldn't recommend Ovintiv Inc. (OVV) as an investment idea, I kind of suffer too much on that stock.