Ovintiv Inc OVV

With Hedges OVV is STRONGEST among competitors

[Hiddensecrets]

OVV played its cards very well, totally hedged, meaning that all they have to do to make a bundle on the hedges is to simply turn off the oil taps for a certain period of time or to slow it down.

It will happen anyways because there is NO MORE STORAGE so oil taps will be turned off. 

Shale plays will be buried with this and, many other countries who make a living on oil, will collapse so they too will shut down taps.  

No one will sell oil if they lose money on the barrel.   Logic says that you shut the wells down.

If I were OPEC, I would call a meeting with OPEC + and I would recommend that all nations turn off their oil taps for 60 days, allowing for excess oil to be sold to the markets.   Then come back online and adjust quota's at less than demand, and voila you have a booming oil market. 

MPO

[Bluejaysoilcomp]

You have no idea how the oil well works. It's not like a water tap at your house and most of the shale companies have to keep running to payback their debts even if WTI prices collapsed.

[cashtango00]

Bluejay,  don't bother, the guy is an absolute moron.  I have tried to explain the basics and he just keeps posting the same dumb nonsense.  Why people invest in things they don't understand is beyond me.  What's a further mystery is how they go on to giving advice about something they are clueless about.

[EnergyLostt]

Yeah kid that’s why ovv is 95 cents stock presplit and down %90 in 3 months. I have a weird rashing moron 

[Skysohigh]

You really can't convince some of these people they'll keep pumping and spinning despite reality staring them in the face. I got out way too late cuz I was in denial about how badly this company is run until way too late. It's circling the drain and these hedges will keep it going for a little while but once they're expired it's just another shale company but with piss poor

[BarbarousRelic]

Yeah I don't know what people think they are buying here.  They're certainly not buying into a stream of earnings.  This company was barely cash flow positive in the best of times with oil at $55+ and constantly ran a net loss.  The board has been taken over by day traders who want to clip pennies and don't know or don't ask why this stock sank 90% over the past two

[Hiddensecrets]

You really DO NOT UNDERSTAND how the stock market works. The key is to buy at the LOW, when conditions are atrocious. Last month oil plunged to NEGATIVE $ 37 per barrel and world was shut down with NO ONE driving their cars, no planes flying, no boats leaving, construction at a standstill. So that is your BOTTOM, and price hovered around the $ 4.50 per share mark. Now things are going to get

[cashtango00]

yes buy low but you are not accounting for risk at all...... Not everyone makes it out.  CHK shareholders kept buying all the way down.  they got killed.  there are plenty of oil and gas stocks that are not going to make it.  will OVV? my guess is yes but its not a guarantee.  Stocks got a lot cheaper because their risks of failure are alot higher.  If you think OVV

[BarbarousRelic]

Yeah, agree it's a question of perspective.  If ECA or OVV or whatever couldn't make money in the best of times, what's it gonna look like now they've shut in 70% of their production, the market has months of supply overhang to work off, the 10M barrel cut from an already oversupplied market was a disappointment to everyone and when low-cost overseas producers can pump all day

[virgintrader99]

Totally agree