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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 Nakateon Mar 10, 2020 6:58pm
198 Views
Post# 30790803

RE:RE:so...

RE:RE:so...Bad timing and optics mainly. Leaving Canada allowed the hedge funds to short  an out of favor company, the canadian funds and etfs that were heavily invested which now had to divest themselves of an American domiciled company forced a sell off that had few buyers at the switch over price allowing for short attacks along with etf and fund dumping. A perfect storm that did not trash the company only the share price which when it comes to money is what it is all about, now there is no more downside to speak of so shorty will back off and the true value may emerge as the market starts to see the truth.
Bullboard Posts