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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 May 21, 2020 1:17pm
204 Views
Post# 31056966

RE:RE:RE:I smell $11.00+

RE:RE:RE:I smell $11.00+Company has too much debt to be a prime takeover target. In this environment nobody wants to put their eggs in this basket that has a hole.

As far as the buyout price goes, I dont think the major shareholders will sell out any time soon. Most of the big time shareholders got in when the stock was 20$, if they havent cost averaged down we are looking for a buyout price above that for any unanimous decision to agree to sell. Not unless its a forced hand like what happened to Nwfied - they were given an ultimatum to sell compny.
Bullboard Posts