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Ovintiv's Twin Deals: What Are the Key Takeaways for Investors?
ZACKS· 2024-11-18 13:41
Ovintiv Inc. (OVV) has announced two major deals on Nov. 14, 2024 — one for the acquisition of premium Montney assets from Paramount Resources Ltd. for about $2.4 billion and the other for the sale of almost all its Uinta Basin assets to FourPoint Resources, LLC, for about $2.0 billion.An Insight Into OVV’s Purchase AgreementOVV, per the terms of the purchase agreement, will acquire 109,000 net acres, 70,000 barrels of oil equivalent per day and 900 total net well locations in the oil-rich Alberta Montney.T ...
Ovintiv Strengthens Portfolio with Core Oil-Rich Montney Asset Acquisition
Prnewswire· 2024-11-14 11:00
Transaction to Significantly Expand Existing Montney Premium Oil Inventory, Company to Exit Uinta Basin with Asset SaleHighlights: 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(1) return well locations and approximately 300 upside locations, extendi ...
Ovintiv: Better Options Available For Investors
Seeking Alpha· 2024-11-11 00:00
Take advantage of the currently offered discount on annual memberships and give CIP a try. The offer comes with a 11 month money guarantee , for first time members.Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.We have had our ups and downs with Ovintiv Inc. (NYSE: OV ...
Ovintiv(OVV) - 2024 Q3 - Earnings Call Presentation
2024-11-08 18:02
| --- | --- | --- | --- | --- | --- | --- | --- | |-----------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | 3Q24 Results | | | | | | | | | Conference Call | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1 | | | | | | | | | | Forward Looking Statements This presentation contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislat ...
Ovintiv(OVV) - 2024 Q3 - Earnings Call Transcript
2024-11-08 17:43
Start Time: 09:00 January 1, 0000 9:32 AM ET Ovintiv Inc. (NYSE:OVV) Q3 2024 Results Conference Call November 08, 2024, 09:00 AM ET Company Participants Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Givens - EVP and COO Jason Verhaest - IR Conference Call Participants Gabe Daoud - TD Cowen Neal Dingmann - Truist Securities Neil Mehta - Goldman Sachs Doug Leggate - Wolfe Research Kalei Akamine - Bank of America Arun Jayaram - JPMorgan Geoff Jay - Daniel Energy Partners Operator Good day ...
Ovintiv (OVV) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-11-08 01:41
Ovintiv (OVV) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 69.72%. A quarter ago, it was expected that this energy company would post earnings of $1.22 per share when it actually produced earnings of $1.24, delivering a surprise of 1.64%.Over the last four quarters, the company has ...
Ovintiv(OVV) - 2024 Q3 - Quarterly Report
2024-11-07 22:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39191 Ovintiv Inc. (Exact name of registrant as specified in its charter) Delaware 84-4427672 (State or other jurisdiction of incorporation or organization) ( ...
Ovintiv(OVV) - 2024 Q3 - Quarterly Results
2024-11-07 22:03
| --- | --- | |--------------------------------------------|----------------| | | | | | Exhibit 99.2 | | | | | Ovintiv Inc. | | | Selected Financial Information (unaudited) | | | For the period ended September 30, 2024 | | | U.S. Dollar / U.S. Protocol | | Condensed Consolidated Statement of Earnings | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------|-------------|--------------------------|----------------|---------------- ...
Ovintiv Reports Third Quarter 2024 Financial and Operating Results
Prnewswire· 2024-11-07 22:00
Full Year Production Guidance Increased; Strong Operational Execution and Debt Reduction ContinueHighlights: Generated net earnings of $507 million, cash from operating activities of $1,022 million, Non-GAAP Cash Flow of $978 million and Non-GAAP Free Cash Flow of $440 million after capital expenditures of $538 million Third quarter production was above the high-end of the guidance range on every product with average total production volumes of 593 thousand barrels of oil equivalent per day ("MBOE/d"), inc ...
Earnings Preview: Ovintiv (OVV) Q3 Earnings Expected to Decline
ZACKS· 2024-10-31 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Ovintiv (OVV) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 7. On ...