Ovintiv Inc T.OVV

Suttles is out!

[autofocus111]

A new era begins

>>>Ovintiv Names Brendan McCracken as CEO DENVER, June 8, 2021 /PRNewswire/ - Ovintiv Inc's (NYSE: OVV) (TSX: OVV) CEO Doug Suttles announced today he will retire effective August 1, 2021. Ovintiv's Board of Directors has named Brendan McCracken as President & Chief Executive Officer and elected him to the Board effective August 1, 2021...McCracken began his career with the Company nearly 25 years ago. Most recently, he served Ovintiv as President. He has led a broad range of functions across the business, including strategy, external affairs and operations.

https://finance.yahoo.com/news/doug-suttles-retire-august-2021-211500761.html

[Margin321]

Probably good. Suttles not all bad and has pushed the company in direction of efficient operations and continuous improvement.  But his timing has been awful and the shares can never recover to where they were before under his watch. Might as well let someone else step in and see where he (in this case) can lead them from here as a new starting point. I also have always liked Brendan

[autofocus111]

I'm okay with hedging up to 50% of liquids production.  It saved their azzzzes big time last year. And hedges were necessary when taking on new debt from the NFX acquisition. Hopefully they'll ease back on natgas hedges though - those run close to 100%. Agree about asset transaction timing... right assets at the wrong times. I certainly won't any shed tears the loss of Suttles

[Coloradobuff]

Finally