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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 > I smell $11.00+
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Comment by venturetrader11on May 21, 2020 2:01pm
202 Views
Post# 31057227

RE:RE:RE:RE:RE:I smell $11.00+

RE:RE:RE:RE:RE:I smell $11.00+Exactly, if you are profitable you buy another business or you get bought by a supermajor. Not by a peer.

Assume I am one of the largest shareholder (possibly a hedgefund) of Company A. The company is somewhat profitable but with glaring inefficiencies. Their stock didnt offer any dividends, was very volatile and didnt have any interest in the primary focus area (Midland basin).

Since I am a big fund I have interests in other shale players (company B,C etc) and would like to consolidate and eventually sell out due to volatility of shale. All I have to do is tell company A management I will dump your shares if you don't agree to sell. And if I dump your shares everybody else will follow suit. 

Company A gets bought by company B. 

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