Post by
Margin321 on Oct 08, 2023 10:12am
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.