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 grouchymonkon Jan 20, 2020 10:28pm

151 Views

Post# 30576036

RE:RE:RE:RE:RE:RE:RE:Bloodbath

I guess the way I look at it is.... If you want to purchase ECA shares and you are aware that there will be funds liquidating substantial positions, it then becomes a buyers market. In those circumstances wouldnt it be best to wait while the sellers come to you?
To say there was little buying today tho is not actually correct. Todays drop occured during the first hour and for the rest of the day the buyers absorbed the endless supply of shares put up at 5.18 - 5.19. During the last 30 min when I expected a last min sell off, the buyers were there and kept the price at 5.19, pretty much where it was all afternoon.
Who knows tho, maybe tomorrow it will drop again...rinse and repeat.
Cheers

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