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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 venturetrader11on Apr 22, 2020 9:06pm
134 Views
Post# 30942555

RE:RE:EIA Cushing report

RE:RE:EIA Cushing report takes more than a couple of weeks to build tank storage. Also the remaining space at Cushing is already spoken for, At this point they will be forced to fill pipelines. There is about 20M bbls heading into the US from Saudia in the coming days. 

US needs to start filling up the SPR which still has about 160M of free space, not sure how its divided between sweet and sour crude though so this number maybe way less. It looks like there has been no additions into the SPR yet.
Bullboard Posts