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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 duplex5696on May 01, 2019 9:20am
162 Views
Post# 29693897

Future of ECA

Future of ECAThere has been considerable controversy over Q1 most of which is frustrating given the messy situation. Not to dismiss the impact of current hedging it is still important to look at the company's potential going forward. Is the company at its current price of $9.28 /share in a better position overall than when it was trading at $18.50 (pre-Newfield)? Is investment in ECA a lenghthy time process as it positions itself in a post Newfield era? Another problem is the recent earnings release may further fuel short sellers who were already content to bet against ECA at a time that its potential value was not being realized. Criticism in a vacuum is understandible but real questions about ECA's positioning going forward is needed following Q1.
Bullboard Posts