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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 Mar 10, 2016 4:02pm
200 Views
Post# 24645204

RE:RE:RE:RE:RE:I think monday was the last time we will see $8

RE:RE:RE:RE:RE:I think monday was the last time we will see $8
They have been selling non core assests since Suttles took over and so the article is really nothing new. Question is - why did the article come out now? They have a billion dolar sale of assets to Canada pension plan and a minor partner that was supposed to close in dec. 15 and got pushed back to June 16. CPP buys a lot of assets and has been active in oil and gas over the past year or so. They would not look very good if they backed out and last ECA said anything that I am aware of the deal was expected to go through but you never know.
 The story does lead to questions but they may not amount to anything other than the obvious - they are looking to sell more assets if the price is right which is what Suttles has said all along.

JMO
Bullboard Posts