RE:RE:Here it's the link Well that's it. Another buyback is coming, Man these guys love to do buybacks. Even after saying they were open to doing variable dividends they have opted for a buyback. At least this time they're buying well off the highs.
>>>DENVER, Sept. 28, 2021 /PRNewswire/ - Ovintiv (NYSE: OVV) (TSX: OVV) today announced it is progressing its commitment to increase shareholder returns with the receipt of regulatory approvals for a share buy-back program. This action is consistent with the Company's capital allocation framework, which supports the goal of unlocking shareholder value by delivering on Ovintiv's strategic priorities of financial strength, increasing cash returns to shareholders, generating superior returns on capital investment, and driving ESG progress... As previously announced, beginning in the fourth quarter of 2021, and until Ovintiv reaches its $3 billion net debt* target, the company plans to return 25% of the previous quarter's free cash flow after base dividends to its shareholders through share buy-backs and/or variable dividends. Once the Company reaches its net debt target of $3 billion, it plans to increase quarterly shareholder returns to at least 50% of the previous quarter's free cash flow after base dividends.
https://stockhouse.com/news/press-releases/2021/09/28/ovintiv-to-increase-shareholder-returns-through-share-buy-back-program