autofocus111 wrote: Chris RE: OVV Per the Q3/20 SEC filing NetDebt/AdjEBITDA is 2.9 (p.68).... high but hardly 'downright scary', unless you think oil is going to be sub-50 for the next few years (and if you do then you shouldn't be holding oil stocks... period). A look at their debt maturity profile (p.23) reveals that near term it is manageable and further, most of it is weighted towards long maturity dates. So please spare me the FUD.
U.S. Dollar Denominated Debt (Sept 2020 Sept 2019)
Revolving credit and term loan borrowings $ 1,150 $ 698
U.S. Unsecured Notes:
3.90% due November 15, 2021 554 600
5.75% due January 30, 2022 605 750
5.625% due July 1, 2024 1,000 1,000
5.375% due January 1, 2026 688 700
8.125% due September 15, 2030 300 300
7.20% due November 1, 2031 350 350
7.375% due November 1, 2031 500 500
6.50% due August 15, 2034 750 750
6.625% due August 15, 2037 462 462
6.50% due February 1, 2038 488 505
5.15% due November 15, 2041 212 244
Total Principal 7,059 6,859
https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=115410600&type=PDF&formType=10-Q&dateFiled=2020-10-30&cik=0001792580&CK=1792580&symbol=0001792580&companyName=Ovintiv