Positive for Ovintiv
One big positive for them is that they do very little if any drilling on Federal land. If Biden follows through and bans drilling on federal land, it will affect a lot of other companies, cause lower American oil production and prices to go up. At $50 oil, this company can make lots of cashflow and pay debit of fast. The move into the Stack/ Scoop has also paid off for them as they were able to leverage their knowledge and capability to lower costs and increase production considerably.
Looks like the market is beginning to recognize the positives for Ovintiv. The activists trying to light a fire under managements rear end helps as well.