Bullboard - Stock Discussion Forum 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... see more

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NYSE:OVV - Post Discussion

Ovintiv Inc > Well hedged

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Post by SectorRally on Mar 21, 2020 9:29pm

Well hedged

Hedge Volumes as of December 31, 2019:

Natural Gas Hedges	2020	Oil & Condensate Hedges	2020
Total Benchmark Hedges	1,188 MMcf/d	Total Benchmark Hedges	165 Mbbls/d
Benchmark Hedges ($/Mcf)		Benchmark Hedges ($/bbl)
NYMEX Swaps Swap Price	803 MMcf/d $2.65	WTI Swaps Swap Price	70 Mbbls/d $57.56
NYMEX 3-Way Options Short Call Long Put Short Put	330 MMcf/d $2.72 $2.60 $2.25	WTI 3-Way Options Short Call Long Put Short Put	80 Mbbls/d $61.68 $53.44 $43.44
NYMEX Costless Collars Short Call Long Put	55 MMcf/d $2.88 $2.50	WTI Costless Collars Short Call Long Put	15 Mbbls/d $68.71 $50.00
Basis Hedges ($/Mcf)		Basis Hedges ($/bbl)
AECO Basis Swaps Swap Price	349 MMcf/d ($0.88)	WTI / Midland Swaps Swap Price	8 Mbbls/d ($1.20)
WAHA Basis Swaps Swap Price	105 MMcf/d ($0.91)

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Comment by TrendSwapper on Mar 21, 2020 10:16pm

Their risk adverse hedging is going to save them during this downturn. I was looking around at some of the other players and they are in big trouble. If you're going to bet on a horse, look at their hedges, margin, debt covenants and response to the drop. Ovintiv is in excellent shape compared to most.

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