Ovintiv Inc OVV

Alternate Symbol(s): T.OVV

Energy Oil & Gas E&P

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

Ovintiv Inc > 50%+ FCF @ YE 2023

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Comment by autofocus111on Aug 04, 2022 3:40pm

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RE:RE:RE:50%+ FCF @ YE 2023

@Margin "They didn't hedge anything when oil was over $120" Appendix shows their FY23 hedges. They have 3-way options on WTI capped at ~$110 with downside protection kicking in ~$65 on ~20% of production. Natgas also 3-way averaging @ ~$8 with downside protection at ~$3.50 on ~20% of production. So they have partial hedges, but largely running naked. Looks quite reasonable to me, and a huge improvement over their current year positioning (which was entered way back in early 2021 by the long-gone CEO).

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