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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Post by duplex5696on Jul 09, 2019 2:52pm

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Post# 29900454

Analysts Lower Estimates

CIBC and Canaccord both lowered their estimates(except on CNQ) on most oil and gas exploration companies. Encana's estimate was lowered from $10.50 US to $10 US. This is probably the main reason for the drop on ECA today. Retail investors will always react to these types of releases. The problem with ECA and other of its peer group is that Trend continues to trump Value.Unless there is some sustained positive news share price will continue to be surpressed.

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