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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 dpocon Jul 29, 2015 7:04pm
316 Views
Post# 23973855

Globe & Mail Reports Encana is Ripe for a Takeover!

Globe & Mail Reports Encana is Ripe for a Takeover!Personally, I don't have a problem with a takeover as long as there is an offer worth at least $12.00 a share.
The Globe and Mail reports in its Wednesday, July 29, edition that EnCana and Baytex Energy appear vulnerable to a takeover. The Globe's Jeffrey Jones writes that EnCana is worth about a third of what it was a year ago. EnCana spent $9-billion (U.S.) on United States oil acquisitions last year, a figure that is now nearly $3-billion (U.S.) more than the entire company's market capitalization. Baytex Energy was another U.S. shale acquirer in 2014, buying Aurora Oil & Gas and its Texas acreage for $1.8-billion (Canadian), $2.5-billion (Canadian) including assumed debt. Baytex's market cap was $2.4-billion (Canadian) on Tuesday. With a second oil-price dip in the works, reserve writedowns are set to pick up the pace. With the loonie getting pummelled, institutional investors have rushed for the exits. Retail investors are hard on their heels. EnCana, Baytex and numerous others are looking more vulnerable than ever to takeover, based on their extensive operations in desirable energy neighbourhoods and shrunken share values. Mr. Jones says the likely acquirers are Imperial Oil, Canadian Natural Resources, Husky Energy and Suncor Energy. He says they have the means, if not the motive, for a big deal.
Bullboard Posts