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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 BillionaireBoyon Apr 26, 2019 8:59pm
202 Views
Post# 29677806

The Company did not Warn about their Earnings

The Company did not Warn about their Earningsso I imagine that they are quite good unless they were hedging at the lower oil prices earlier in the quarter. Also, I noticed that about 5 million shares were traded at these lower prices in the last 90 minutes of trading. I hope Encana completed their share buyback today and will announce that on Monday. The drop today is most likely due to shorting and the $2 drop in the price per barrel of oil. The stock would have been pulled down by various indexes. I hope we get great news on the 30th. GLTA Longs.
Bullboard Posts