Ovintiv Inc is an energy company focused on the exploration, production, and development of oil and natural gas resources in North America
The company utilizes innovative technologies and advanced techniques to enhance its operations, aiming to efficiently extract energy resources while minimizing environmental impacts. Ovintiv operates in key resource-rich regions, leveraging its expertise in hydraulic fracturing and horizontal drilling to optimize production and deliver value to stakeholders. Through a commitment to sustainability and responsible resource management, Ovintiv plays a significant role in the energy sector.
The brokerage said Ovintiv's portfolio is more focused now than at “any time in its history,” pointing to its core positions in the Midland and Montney Basins.
U.S. markets suffered a steep selloff Monday as President Donald Trump announced sweeping new tariffs, extending last week's losses and driving declines across all major sectors.
DENVER and HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FourPoint Resources, LLC (“FourPoint”), together with their partners Quantum Capital Group (“Quantum”) and Kayne Anderson, announced today the signing of a purchase and sale agreement to acquire Ovintiv Inc.’s (NYSE, TSX: OVV) Uinta Basin assets for a purchase price of $2.0 billion in cash. The asset includes 126,000 net acres and production of 29 Mbbls/d.
