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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 bestioleon Nov 22, 2013 7:59am
246 Views
Post# 21930528

Cold weather could warm up energy stocks

Cold weather could warm up energy stocks"However, this situation could be resolved a lot sooner than many expect with the rapid build-out of LNG export capacity in the U.S.

The U.S. Department of Energy has to date received applications for 31 LNG permits totalling 33.8 bcf/d of export capacity, as cited in a recent report by the Congressional Research Service. To put this in perspective, U.S. dry natural gas production is approximately 67 bcf/d, of which only 4.4 bcf/d is currently exported.

Why the rush to build out this export capacity? Well, U.S. gas prices are currently US$3.60/mmBTU compared to prices above US$17 in parts of Asia and US$10.50 in Europe."

https://business.financialpost.com/2013/11/18/cold-weather-could-warm-up-energy-stocks/?__lsa=1858-345e

Bullboard Posts