Ovintiv Inc OVV

Debt, Reserves, Free Cash Flow

[lufkin1961]

With 8 billion $ debt, and with non core assets losing sale value by the month, how long will it take to pay off this 8 billion debt if OVV uses all free cash flow each quarter to reduce debt?

is that 12 years or 16 years to pay off debt at 2019 oil prices?

and if it is 12-16 years, what reserves will be left
after that?

[sunshine7]

Debbie Downer, First, NO company has an objective to pay off all their debt. Some FCF is expended on CAPEX which ensures future FCF. While I agree that the debt is excessive, it is manageable. Also I do not expect POO to rermain at current levels over 2 years. If you are not like-minded, don't invest in oils. Maybe don't post. Or maybe go short. See! Something for everybody!

[lufkin1961]

My point: given the amount of free cash flow, you say the 8 billion $ debt is manageable. Using free cash flow numbers from the past year, how is it manageable?  Specifics $ number help evaluate just how they will manage the debt. you seem assured they can manage the debt, but you offer no specifics. i am long OVV and hope they can manage the debt, but I expected OVV to be able to sell non

[regardless]

Lufkin ypur correct! they need or needed to make a few non core asset sales plus use free cash flow to manage this debt... asset sales have been taken away from them for sure , so now what's the option? tjey obviously can't manage debt on free cash flow alone

[Maxmoe]

Sell the newfield assets to an American. Pay down debt. Fire skittles. Move back to Calgary. Change name to Alberta energy. I'm not buying until all of the above happen. Neither will any large Canadian funds, etf's, indexes, pensions etc. in the meantime this small cap energy name with a large % of assets in Canada will be completely ignored by all types of American investors.