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 > Who can judge this market?

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Post by keeper6 on Apr 17, 2020 11:38am

Who can judge this market?

Oil below $20, stockpiles higher than expected, oil demand at an all time low.....

And we are up over 9%!

Does that make sense (beyond the fact OVV has oil price hedged)?

I think I'll turn off my PC and come back in 12 months and see where we are cause trying to figure this out is nuts!!

Cheers,
Keeper

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Comment by Bluejaysoilcomp on Apr 17, 2020 11:57am

Check out Brent/WTI June prices. WTI May contract expires on Monday.

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Comment by keeper6 on Apr 17, 2020 12:20pm

Thanks and good point. I was looking at WTI for May but June numbers are up so that might explain it. Cheers, Keeper

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Comment by Nakate on Apr 17, 2020 1:23pm

Good question, there are so many moving parts It takes super computers to keep track of it all. Its a wonder it works at all. To think that oil was once 140 usd a barrel and I was still paying a similar price at the pumps go figure.

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