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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

Post by Fastlane2on Dec 21, 2019 9:30am
190 Views
Post# 30479447

Support & Outlook

Support & OutlookHere we are nearing the end of 2019 and Encana hasn't received much love, however looking over the last quarterly report in detail there is a lot to like about the 4th. quarter and the guidance for 2020. The risk management section provides some insight: As of September 30, 2019 , Encana has hedged approximately 175.5 Mbbls/d of expected oil and condensate production at an average price of $57.37 per barrel for the balance of 2019. The Company also has about 864 million cubic feet per day (MMcf/d) of its expected remaining 2019 natural gas production hedged at an average price of $2.75 per thousand cubic feet (Mcf). Encana has also hedged approximately 119 Mbbls/d of expected oil and condensate production at an average price of $54.83 per barrel for 2020. The Company also has about 1,038 MMcf/d of its expected 2020 natural gas production hedged at an average price of $2.65 per Mcf.
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