Ovintiv

Ovintiv, Inc. engages in the production and development of oil, natural gas liquids and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. The Market Optimization segment’s activities are managed by the Midstream, Marketing & Fundamentals team, which is responsible for the sale of the company’s proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.

Earnings data Q1 2021

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Ovintiv (OVV) exceeds Q2 earnings expectations, emphasizes sustainable growth

Ovintiv's Q2 2024 earnings call showcased impressive financial performance, strategic focus on sustainable growth, and commitment to shareholder returns. While facing inquiries on operational aspects and financial strategies, the company remains poised to leverage opportunities for value creation and operational excellence.

Ovintiv reports robust Q3 earnings, eyes growth through efficiency

Ovintiv delivered a strong Q3 performance with robust financial results and operational excellence, positioning the company for sustainable growth and profitability.
While facing challenges in capital structure optimization and strategic decision-making, Ovintiv has opportunities to drive growth through operational efficiencies and strategic initiatives.
By maintaining production guidance, capital spending discipline, and a focus on asset performance, Ovintiv demonstrates resilience and a commitment to creating long-term value for shareholders.

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Ovintiv, Inc. engages in the production and development of oil, natural gas liquids and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations, and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. The Market Optimization segment’s activities are managed by the Midstream, Marketing & Fundamentals team, which is responsible for the sale of the company’s proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.

Ovintiv (OVV) gets into trouble as there are inconsistency and unaccountability in its accomplishments, and it fails to provide recognitions to shareholders as alleged by activist investor Kimmeridge.

Ovintiv (OVV) Under Pressure From Activist Investor Kimmeridge

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Ovintiv (OVV) anticipates its 2020 capex to be $1.75 billion, lower than the previous projection of $1.8 billion.

Ovintiv (OVV) Gives Preliminary Update on Q4 Output & Capex

DENVER, Jan. 4, 2021 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced preliminary financial results and select operating metrics for its fourth quarter and fiscal year ended December 31, 2020. Highlights: Reduced total long-term debt, including current portion, by $257...

Ovintiv™ Provides Fourth Quarter and Full-Year 2020 Update

Ovintiv (OVV) aims to scale down its methane intensity to 0.10 metric tons CH4/MBOE, which will significantly reduce greenhouse gases.

Ovintiv (OVV) to Slash 33% of Its Methane Intensity By 2025

Metric to be directly tied to compensation for all employees DENVER, Dec. 16, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today disclosed a goal to reduce methane intensity 33% by 2025. The objective, approved this week by its board of directors, will be tied to Ovintiv's...

Ovintiv™ Targets 33% Reduction in Methane Intensity by 2025

Ovintiv (OVV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Ovintiv (OVV): Will It Gain?

DENVER, Nov. 19, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Meg A. Gentle has been named as an independent member of its board of directors, effective December 16, 2020. Gentle, 46, currently serves as the president and chief executive officer of...

Ovintiv Names Meg A. Gentle to Board of Directors

DENVER, Colo., Nov. 12, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today named Brendan M. McCracken as president, effective December 1, 2020. "Today's appointment recognizes Brendan's significant impact on our success and reflects our confidence in his leadership," said CEO...

Ovintiv™ Names Brendan M. McCracken as President

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Commits to emissions-related performance metrics for 2021; delivers sixth safest year DENVER, Nov. 5, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today published its Sustainability Report, focusing on the Company's innovative leadership in sustainability and highlighting its...

Ovintiv™ Publishes 2019 Sustainability Report

Ovintiv Inc. (OVV) CEO Doug Suttles on Q3 2020 Results - Earnings Call Transcript

Ovintiv (OVV) delivered earnings and revenue surprises of 81.25% and -13.86%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Ovintiv (OVV) Reports Q3 Loss, Lags Revenue Estimates

Results strengthen outlook for 2021 Scenario Consistent framework provided for future capital allocation and debt reduction Highlights: Posted $47 million of non-GAAP free cash flow and reduced net debt by $217 million during the third quarter, reaffirmed pledge that all excess cash flows...

Ovintiv Reports Strong Third Quarter 2020 Financial and Operating Results

DENVER, Oct. 14, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2020 third quarter results conference call at 9 a.m. MT on Thursday, October 29, 2020. The Company plans to release its third quarter financial and operating results after market...

Ovintiv to Host its Third Quarter 2020 Results Conference Call on October 29, 2020

With this facility, increased net processing capacity of around 170 million cubic feet per day of natural gas and 19,000 barrels of liquids daily, mainly condensate, is now available to Ovintiv (OVV).

Ovintiv Opens Pipestone Processing Plant Earlier Than Planned

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DENVER, Colo., Oct. 13, 2020 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced the start-up of the Pipestone Processing Facility (PPF), a natural gas processing and liquids stabilization plant supporting the Company's high-return, condensate-rich Montney development....

Ovintiv Announces Start-Up of Pipestone Processing Facility

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