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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

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Post by Margin321on Oct 08, 2023 10:12am
605 Views
Post# 35675119

Pioneer deal (exxon buying for 60 B or more) )

Pioneer deal (exxon buying for 60 B or more) )
Values Ovintiv 180,000 Permian acres at  roughly 18% of 60 B or $10.8 B, not far off OVV market cap. (Pioneer has about 1,000,000 Permian acres).

That leaves Uinta which is 130,000 acres of emerging stacked pay that may have similar economics to Permian.

That leaves Montney wich is liquid rich (a lot of condensate valuable for blinding) and huge gas resource (860,000 acres).

That leaves anadarka wich had oil production but also major gas optionality. They have pauded drilling but it has low decline and is currently biggested cash flow generator.  385,000 acreas.

Ovinitiv continues to be a deep value play. IMO, DYOR.
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