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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 fergus2on Feb 17, 2017 10:28am
237 Views
Post# 25860682

RE:Production declines of ECA

RE:Production declines of ECAThe Gordondale sale was, I think, back dated to January, but I don’t imagine the Gordondale production for 2016, to the point of its sale, would have been allocated to Birchcliff. So the Encana Q4 figures would likely be missing the Gordondale production figures post sale to end of 2016. As you suggest, that would explain the lion’s share of the missing production.  The “lack of vigor” you describe of Encana’s efforts in the Tower/Sunrise area probably makes up the difference.
It also suggests however, that a sizeable chunk of its production was deeded to Birchcliff; information that speaks from the other side of the equation, the vendor, and verifies that Birchcliff picked up quite a nice asset.

Encana is still approximately only 10% from its recent high and has held well. It’s hard sometimes to read anything into 1st day of trading after a quarter.

Bullboard Posts