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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 Everpatienton Oct 03, 2007 11:44am
246 Views
Post# 13513386

Threats are dangerous.

Threats are dangerous.The resources belong to the people. I get a great kick out of the oil companies year after year making record profits and yet scream when wages rise for the workers that make those same profits possible. Now let us put a new idea on the table. Oil companies are threatening they will stop investing. Well what if the government turns around and says....Use it or Lose it????? You see those that become too greedy and do not share the wealth, where they have made the wealth, and turn around and threaten the people, are very dillusional at the extent at which others will gladly jump at the chance of taking the leases over and developing them. The greed has already lead to many layoffs because they chose not to share some of that profit with the common workers. Then now, they yell about royalty review as to those cutbacks. LOL unbelievable BS in my opinion. Is it the commodity price? Is it the higher service price they have to pay? Or is it just plain old GREED? I believe it is the later and a great shame. I say, give it to those that want to Use the resources for the good of all people. No one is stating you can't make a profit. BUT, I also believe when threats are used it shows the pure greedy nature and disrespect for the common person. Just thought I would add a new angle for discussion. Have a great day.
Bullboard Posts