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Ovintiv Inc OVV

Alternate Symbol(s):  T.OVV

Energy Oil & Gas E&P
Ovintiv Inc. is an oil and natural gas exploration and production company. The Company is focused on the development of its multi-basin portfolio of top tier oil and natural gas assets located in the United States and Canada. Its operations also include the marketing of oil, natural gas liquids (NGLs) and natural gas. Its segments include USA Operations, Canadian Operations, and Market Optimization. USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other activities within Canada. Market Optimization segment is primarily responsible for the sale of the Company’s production to third-party customers and enhancing the associated netback price. The segment’s activities also include third-party purchases and sales of product to provide operational flexibility.


NYSE:OVV - Post by User

Ovintiv Inc
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Comment by JR__Ewingon Apr 21, 2010 10:46am
508 Views
Post# 17014727

RE: RE: EnCana Q1 profit up three-fold on hedging

RE: RE: EnCana Q1 profit up three-fold on hedgingThe reason why it is in the red it is because they made most of their profits on hedging gains (see in Bold below). Given natural gas price will probably stay low all summer, investors are probably thinking that Q2 earnings will be not very good.  However, ECA will move north again soon as we move closer to the ex-dividend date.


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Energy conglomerate Encana Corp. more than tripled its first-quarterprofits Wednesday, primarily on unrealized hedging gains worthUS$912-million.

For the quarter ended March 31, Encana earned US$1.48-billion(US$1.97 a share), compared with US$477-million (US63¢) in the sameperiod last year.

Excluding the unrealized mark-to-market hedging gains and foreignexchange gains of US$147-million, Encana's operating earnings came inat US$418-million (US56¢), down 23%.

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