Ovintiv Inc OVV

Likely some positive movement on way in U.S funds buying

[ramman1]

U.S index funds as of Jan /20 , own only 7 % of Encana/Ovintiv, yet they own on ave, 27% of Encana's U.S based peers. ---(If) the various funds bought Encana up to that 27% ownership level , that would technically increase demand by over 1 bil dollars.---------As Encana ,has to be viewed as a very strong player in the U.S oil/gas scene ,any buying to even close to that level of 27% would be a huge driver for a large share price increase .

[Luckyeleven]

Sure but it's a waiting game to get on an index. They need someone to get kicked off first. Obviously this was managements take but so far Letko was so right. Buying now may work for some but how about existing shareholders in at higher prices. Once on an index I also don't see funds racing to this name as it's still about 1/2 NG, now saying that if NG prices rebound which I doubt you

[tprig1]

 Forget the gas price . It's the condensate produced from the liquids rich/wet gas that counts .

[Luckyeleven]

Yeah unfortunately it all counts when 47% of your production is NG. I wish it didn't count but it does.

[Bluejaysoilcomp]

it's so funny people are blaming NG price for declining S/p even if other Canadian NG stocks are ok today. Other Montney players are even better. I will all in when it hits $5 or under..

[ewaltz22]

Absolutely this will triple in the long run