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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
Post by Lurker11on Oct 19, 2014 1:49pm
334 Views
Post# 23041717

Great time to buy ECA

Great time to buy ECAEncana is doing exactly what they said they would do and that is to restructure their portfolio to me more balanced between liquids and NG and to be focussed on a few plays with the best rate of returns. To do that they are selling everything that doesn't fit that strategy. LNG is not a play but a downstream process therefore it didn't fit the strategy. They are good at identifying and developing these plays with the drill bit and if you are in the best plays you are in better shape that anyone else. The recent down turn makes it a strong buy but don't expect immediate pops, it's a 5 year plan and we are not even at the end of year 1 yet.
Bullboard Posts