Ovintiv Strengthens Portfolio with Core Oil-Rich Montney Asset Acquisition [Yahoo! Finance]
Ovintiv Inc. (DE) (OVV)
Last ovintiv inc. (de) earnings: 2/19 08:54 pm
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Source: Yahoo! Finance
Agreement reached to acquire approximately 109,000 net acres and approximately 70 thousand barrels of oil equivalent per day ("MBOE/d") in the core of the Alberta Montney for $2.377 billion C$3.325 billion Acquisition will add approximately 900 total net well locations, including approximately 600 premium return well locations and approximately 300 upside locations, extending premium Montney oil and condensate inventory life to approximately 15 years Expanded access to additional midstream and downstream infrastructure will enable future oil growth optionality Agreement reached to divest Uinta assets for proceeds of $2.0 billion Combined transactions are immediately and long-term accretive across all key financial metrics, 2025 Non-GAAP Free Cash Flow expected to increase by approximately $300 million at current commodity strip pricing Annual cost synergies from the combined transactions are expected to total approximately $125 million Commitment to investment grade balan
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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