Ovintiv Inc OVV

Alternate Symbol(s): T.OVV

Energy Oil & Gas E&P

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

Ovintiv Inc

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Comment by Skysohighon Jun 10, 2019 1:02pm

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Post# 29812225

RE:RE:RE:RE:RE:RE:RE:RE:ECA operation update

Taking 10% of the float away on its own is certainly a good thing but at what cost. In general I think stock buybacks are used way too liberally. If ECA kept that money to strengthen the balance sheet/pay debt it would be better off today than buying its shares at a premium. Hindsight is 20/20 of course and I doubt many seriously thought the stock price would drop so far but here we are.

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