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 > Great 3rd quarter report

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Post by Margin321on Nov 07, 2024 10:31pm

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Great 3rd quarter report

Beat on evrything. And most impressive is the debt. They were on track to get to their $4 Billion target (where they return 100% of excess cash to shareholders) but then they took onan extra $4.3 B for the added Permian acres from Encap. But debt down is to 5.88 B after 3rd quarter and will be at $5.5 B end of yesr. Ene of 2025 or sometime in 1H 2026 they will get to the $4B target debt. And the acquisition was timely and at a very good price. Super quarter. Shares should bounce up to mid 40's.

https://finance.yahoo.com/news/ovintiv-reports-third-quarter-2024-220000325.html

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