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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 olesmokeron Apr 29, 2008 8:42am
428 Views
Post# 15018027

capable of eliminating 100 million tonnes of CO(-2

capable of eliminating 100 million tonnes of CO(-2

Globe says Petrocan, others give pond scum a chance

2008-04-29 08:17 ET - In the News
Shares issued 749,734,443
ECA Close 2008-04-28 C$ 83.69

From In the News (C-PCA) Petro-Canada Inc

The Globe and Mail reports in its Tuesday edition that Canadian researchers have big plans for pond scum. The Globe's Shawn McCarthy writes the plan is to develop algae farms that will convert carbon dioxide from oil sands projects and coal-fired power plants into biofuels, chemicals and fertilizers. The Algae ponds that use photosynthesis to feed on CO(-2) are common in warmer climes, but until recently, few thought they would be productive in Canada's harsh conditions. Now a consortium led by the Alberta Research Council has completed research that suggests the algae would thrive under northern light and temperatures, with an appropriate covering for winter months. "What we are doing is transferring [the algae systems] into more temperate climes, which is a big step and something that no one ever believed would be viable, but we have demonstrated that that's not true," said John McDougall, chairman of the Alberta Research Council. All told, he envisions a fleet of bioconversion facilities at tailings ponds across the country, capable of eliminating 100 million tonnes of CO(-2) emissions a year. Paying for the $20-million project is Petro-Canada, Royal Dutch Shell PLC, EnCana and Epcor Power LP.

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