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Ovintiv Inc OVV

Alternate Symbol(s):  T.OVV

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

Bullboard Posts
Comment by gasoholicon Jul 18, 2012 1:51pm
165 Views
Post# 20127041

RE: They Got Em in Canada Too

RE: They Got Em in Canada Too

Anytime you read an article by so and so from this or that foundation you know theres a whacky agenda behind it .

After a little research I beleive he is talking about the Curtis Island LNG plant . It is using coal gas as its source so I think all his CO2 emissions numbers are way off . But he's just another ivory tower guy who doesn't get it or doesn't want to because it interferes with his employer , hence his paycheck .

For intstance take the Kitimat LNG plant . It is proposed for 5 million tonnes per year nat gas . All that gas will be burnt somewhere and the CO2 produced will get evenly distributed about the world . Supposedly it  will use 200 MW power . If natural gas were used as a fuel it would take about 180,000 tonnes per year to run the power plant . Thats assuming a 60 % cycle efficiency . So the power requirement is about 3.6 % of the project capacity . If he's concerned about CO2 emissions he should be concerned that theres a project at all , rather than harping on the CO2 produced by supplying power . But his agenda is to undermine Cristy Clark so he spews all this CO2 emissions in BC baffelgab .

What people should be really aware of is that these projects are going to get torpedoed by the NDP government in waiting . Increased royalties , windfall taxes and a fracking moratorium are coming . So no final decisions until well after the next election . You can't have bargaining power when your projects half built and the contractors on site with all the equipment on order .

As for the race with Australia to serve the spot market , they won . Canadian LNG will be sold under longterm contracts to dedicated customers .

regards

G

Bullboard Posts