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The latest announcement is out from Ovintiv ( (OVV) ).
Ovintiv Inc. has completed the acquisition of Montney assets from Paramount Resources Ltd., enhancing its production capacity by approximately 70,000 barrels of oil equivalent per day. This acquisition extends Ovintiv’s premium Montney inventory life to 15 years and positions the company as a leading operator in the region. The transaction is valued at $2.307 billion and is expected to significantly increase Ovintiv’s 2025 Non-GAAP Free Cash Flow by about $300 million, contributing positively to the company’s financial metrics and strategic positioning.
More about Ovintiv
Ovintiv Inc. operates in the oil and gas industry, focusing on the exploration and production of hydrocarbons. The company is known for its operations in North America, particularly in the Montney and Uinta regions, where it develops oil and condensate resources.
YTD Price Performance: 5.43%
Average Trading Volume: 2,865,839
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $11.42B
Learn more about OVV stock on TipRanks’ Stock Analysis page.
