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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 Lurker11on Jul 21, 2014 3:15pm
192 Views
Post# 22766914

RE:Sure look like Sutters is planning to sell ECA

RE:Sure look like Sutters is planning to sell ECA Actually his name is Suttles and it is way too early to be speculating about any "plan" to sell.  There is a simple strategy to re-organize the portfolio to a more balanced liquids (oil and NGL) to NG weighting and focus the attention on a smaller number of the highest IRR plays.  The transition to this strategy has only just begun and they already made a major aquisition and have a lot (and will have more) of flexibility to decide what to do with all the money they will have available to do a share buy-back, make another aquisition or eventually even increase the dividend.  Any company can be the target of an aquirer but rarely do all the assets of a company the size of Encana fit the portfolio strategy of a purchaser so that is why it is often done in pieces as Encana is currently engaged in.   

As the strategy is implemented the financial situation will continue to get stronger along with the share price.
Bullboard Posts