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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
Comment by marpincanon Jul 18, 2014 7:07pm
153 Views
Post# 22761576

RE:Just Like Fligh17 ECA Being Dismantled And Destroyed

RE:Just Like Fligh17 ECA Being Dismantled And Destroyed
Based on the information below - Panuke is hugely profitable for ECA which means that if they do sell, they need to get top dollar (over 2 billion) or the parket will punish them for it. It seems like deep panuke is a crown jewel which means you do not sell unless you get an offer to good to refuse.

From S.A.

Report: Encana planning to sell Deep Panuke gas project

  • Encana (ECA+1.8%) is preparing to sell its Deep Panuke offshore gas project in Nova Scotia later this year in a deal that could raise $1B-$2B, Bloomberg reports.
  • Deep Panuke contributed more than 30% of ECA’s operating cash flow of ~$1.1B in Q1 due to higher spot prices for gas in the U.S. northeast triggered by the harsh winter; it delivered ~253M cf/day of gas in Q1, ~9% of ECA’s total production.
  • However, ECA has said the project "doesn't really fit" in its portfolio, since it is the company’s only offshore asset and does not produce the oil or higher-value gas liquids ECA is seeking.
Bullboard Posts