As Encana planned its move, U.S. stockholders fled [Toronto Globe and Mail (Ontario, Canada)]
Ovintiv Inc. (DE) (OVV)
Last ovintiv inc. (de) earnings: 2/19 08:54 pm
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Source: Toronto Globe and Mail
As Encana planned its move, U.S. stockholders fled In January, the company made its transformation official – moving the corporate headquarters to Denver from Calgary, the latter seen here on Oct. 31, 2019. Jeff McIntosh/The Canadian Press In January, the company made its transformation official – moving the corporate headquarters to Denver from Calgary, the latter seen here on Oct. 31, 2019. When Encana Corp. announced a plan to move to the United States and rename itself Ovintiv, it knew many Canadian money managers would sell its stock. The long-term goal was to attract big U.S. investors instead. New regulatory filings show, however, that multiple U.S. institutional investors also sold off huge positions in Encana stock in 2019’s fourth quarter, even before the move to the United States became effective. It was the culmination of a year in which institutional investors soured on the company for its poor performance. The heavy selling pressure over the past several months, from
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News
- Ovintiv's Q3 Earnings Beat Estimates, Revenues Down 12% Y/Y [Yahoo! Finance]Yahoo! Finance
- Ovintiv Inc. (NYSE: OVV) had its price target raised by analysts at UBS Group AG from $57.00 to $59.00. They now have a "buy" rating on the stock.MarketBeat
- Ovintiv Inc. (NYSE: OVV) had its price target raised by analysts at Scotiabank from $50.00 to $53.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Ovintiv's Twin Deals: What Are the Key Takeaways for Investors? [Yahoo! Finance]Yahoo! Finance
- Ovintiv Inc. (NYSE: OVV) had its price target raised by analysts at Truist Financial Co. from $57.00 to $59.00. They now have a "buy" rating on the stock.MarketBeat
OVV
Earnings
- 11/7/24 - Beat
OVV
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- OVV's page on the SEC website