RE:Not Bad Q2 Blah blah.. classic bull*** from great Ovintiv management.
tell me how much money you made?
oh oh no we just lost over 300 million dollars our debt increased by %8.. from 7b to 7.4b.
and our cash decreased from 80 m dollars to 30 m dollars
are guys not tired of useless overpaid Doug Suttles and his b*s?
wake up since this moron is ceo of Encana company is going down from 100$ per share to 2$..
peers market cap 4-5 times bigger than Ovv and yet we hear from great Doug and his *** words
PeterPP wrote: 1. During one of the toughest times in our industry, we adjusted rapidly and generated free cash of more than $50 million in the second quarter.
2.Our second quarter achievements have strengthened our 2020 original scenario. We lowered total capex and raised fourth quarter average production. We are on track for our 2020 stay flat scenario that generates free cash inclusive of our dividend at a modest $35 oil priced.
3.We have extremely high confidence that our objectives to lower well cost by 20% over the next six quarters will be achieved very soon.