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Bullboard - Stock Discussion Forum Ovintiv Inc T.OVV


Primary Symbol: OVV

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

NYSE:OVV - Post Discussion

Ovintiv Inc > Suttles is out!
View:
Post by autofocus111 on Jun 08, 2021 5:26pm

Suttles is out!

A new era begins

>>>Ovintiv Names Brendan McCracken as CEO DENVER, June 8, 2021 /PRNewswire/ - Ovintiv Inc's (NYSE: OVV) (TSX: OVV) CEO Doug Suttles announced today he will retire effective August 1, 2021. Ovintiv's Board of Directors has named Brendan McCracken as President & Chief Executive Officer and elected him to the Board effective August 1, 2021...McCracken began his career with the Company nearly 25 years ago. Most recently, he served Ovintiv as President. He has led a broad range of functions across the business, including strategy, external affairs and operations.

https://finance.yahoo.com/news/doug-suttles-retire-august-2021-211500761.html
Comment by Margin321 on Jun 08, 2021 5:46pm
Probably good. Suttles not all bad and has pushed the company in direction of efficient operations and continuous improvement.  But his timing has been awful and the shares can never recover to where they were before under his watch. Might as well let someone else step in and see where he (in this case) can lead them from here as a new starting point. I also have always liked Brendan ...more  
Comment by autofocus111 on Jun 08, 2021 6:25pm
I'm okay with hedging up to 50% of liquids production.  It saved their azzzzes big time last year. And hedges were necessary when taking on new debt from the NFX acquisition. Hopefully they'll ease back on natgas hedges though - those run close to 100%. Agree about asset transaction timing... right assets at the wrong times. I certainly won't any shed tears the loss of Suttles ...more  
Comment by Coloradobuff on Jun 09, 2021 7:18pm
Finally 
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