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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

Comment by autofocus111on Jun 08, 2021 6:25pm
250 Views
Post# 33352419

RE:RE:Suttles is out!

RE:RE:Suttles is out!I'm okay with hedging up to 50% of liquids production.  It saved their azzzzes big time last year. And hedges were necessary when taking on new debt from the NFX acquisition. Hopefully they'll ease back on natgas hedges though - those run close to 100%. Agree about asset transaction timing... right assets at the wrong times. I certainly won't any shed tears the loss of Suttles that's for sure.
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