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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
Comment by Skysohighon Feb 25, 2020 12:46pm
79 Views
Post# 30731447

RE:Stock buybacks

RE:Stock buybacksAgree 100%. I've ranted about the buybacks here numerous times with many posters rushing to shittles defence. Buybacks are risky especially when the stock is falling because they add leverage. There is no risk and it adds value to simply pay down debt. Speaking of adding value at what point will the board conclude that shittles is massively overpaid for his terrible leadership? At what market cap can they definitely conclude he does not deserve the pay he's getting??? By the way, in case anyone says the move to the US is a plus to shittles judgement I will say it was the right move long term. The execution was amateur at best though, the timing terrible (as usual) and the stock continues to underperform small cap gas stocks in Canada. Mind blowing
Bullboard Posts