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 > TO MUCH DEBT

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Comment by queseaon Mar 29, 2020 9:41pm

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Post# 30858611

RE:RE:TO MUCH DEBT

I'm at a refinery & the market for gas is rapidly collapsing to 15% of normal, there isn't going to be anywhere to store it. I heard that Gas is selling for less than a barrel of oil !!!!
Soon, perhaps very soon, refiners are going to have to stop most Oil shipments. OVV hedges are gone, they have to shut in all but 15% of production soon, perhaps very soon.
Merde : The banks that they & other O&G companies borrowed from could go under !!

Scuttles is the new kid on the block. Valero will be buying from Exxon & Chevron not ovv.

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