Why Buying Double Eagle Does (and Doesn't) Make Sense for Ovintiv [Yahoo! Finance]
Ovintiv Inc. (DE) (OVV)
Last ovintiv inc. (de) earnings: 2/19 08:54 pm
Check Earnings Report
Company Research
Source: Yahoo! Finance
Recent media reports have prompted analysts to weigh in on the potential of Ovintiv (OVV)—which has lately been more Permian-focused—snatching up Double Eagle IV 's Midland Basin holdings. Double Eagle has a history of selling to large public companies, with its last two iterations selling for a combined $9.2 billion. Fantasy M&A players' pulses likely quickened on Aug. 21 at Bloomberg's report of Ovintiv's consideration of a sale of its Uinta Basin assets, which unnamed sources suggested the company could offload for $2 billion. A spokesperson for the company told Hart Energy on Aug. 28 that “as a general practice, Ovintiv does not comment on rumored acquisition or divestiture activities.” Double Eagle did not immediately respond to a request for comment. TD Cowen analyst Gabe Daoud Jr. wrote on Aug. 21 that Bloomberg's article was an “unsubstantiated report” before greedily picking apart the what ifs a divestiture of the Uinta assets could mean for Ovintiv. Daoud expressed
Show less
Read more
Impact Snapshot
Event Time:
OVV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OVV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OVV alerts
High impacting Ovintiv Inc. (DE) news events
Weekly update
A roundup of the hottest topics
OVV
News
- With 83% ownership, Ovintiv Inc. (NYSE:OVV) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- Ovintiv Inc. (NYSE: OVV) was upgraded by analysts at Siebert Williams Shank to a "strong-buy" rating.MarketBeat
- Canadian Natural's Shares Up 15% Year to Date: Time to Buy or Hold? [Yahoo! Finance]Yahoo! Finance
- Ovintiv to Host its Third Quarter 2024 Results Conference Call and Webcast on November 8, 2024 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Ovintiv to Host its Third Quarter 2024 Results Conference Call and Webcast on November 8, 2024 [Yahoo! Finance]Yahoo! Finance
OVV
Earnings
- 7/30/24 - Beat
OVV
Sec Filings
- 10/23/24 - Form SC
- 10/9/24 - Form 8-K
- 10/1/24 - Form 4
- OVV's page on the SEC website