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Ovintiv Inc OVV

Alternate Symbol(s):  T.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 Optimization. USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other activities within Canada. Market Optimization segment is primarily responsible for the sale of the Company’s production to third-party customers and enhancing the associated netback price. The segment’s activities also include third-party purchases and sales of product to provide operational flexibility.


NYSE:OVV - Post by User

Bullboard Posts
Post by stewarcon Feb 09, 2006 2:46pm
555 Views
Post# 10329241

Doubled position

Doubled positionI was hoping it had bottomed out yesterday when I doubled my position (I should know you can't hit the borttom). Lots of support around 50. We'll see where it closes but would be nice to get it over 50 for the close (psycologically). Everyone is forgetting ECA's play in the oil sands (not factored into the stock price), the demand for NG for oil sands plays and the incresing demand for electricity which will require more natural gas fueled cogeneration plants as coal goes off line. So what; we have had a warm winter! Longer term this stock should move nicely given its current valuation. Stock should go to 60-65 sometime this year (my guess would be by late August or early September). May go down a few bucks more to 48 but not worried.
Bullboard Posts