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Ovintiv Inc. (OVV.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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17.62+0.45 (+2.62%)
As of 12:45PM EST. Market open.
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  • M
    Marc
    What is Meg Gentle going to provide for this company?
  • P
    ProfitTrader
    Good to see my OVV'ers making some $....missed the run up here...but good to see some light for the guys who got in the 20's and higher....some institutional power behind it now...and changes are for the best. These guys are making $ with WTI above $35! So shaping up to be a nice quarter.
  • D
    Douglas
    Great to see us break through the $13 barrier, if even momentarily. Let's stay focused... today is a great reminder of why we want to avoid trying to time the peaks. Keep your eyes on the macro picture here. Many billions of dollars removed from exploration budgets this year in a world where the need for this precious commodity continues to rise. That will most certainly have an impact at some point in the near future. Exploration trails production by 2 - 5 years, depending on characteristics of the play. There will be tons of pent up demand for travel post Covid. (I can't wait to get back to our winter home in Spain). This downturn needs to be sufficiently harsh to remove capacity from the U.S. shale and unconventional plays permanently. Let's hope that when the small players are forced to sell their assets in bankruptcy that the majors exercise restraint and don't flood the market again.
    Encana is a rare gem, and it is just now getting the attention of institutional and bell cow investors (the bell cow is the one that the others always follow, so the farmer attaches a bell around it's neck).
    Remember, the oil and gas mix is optimal for the coming medium term, they exercise operational excellence and are truly leading edge among their peers.
    I'm holding on for $18.10 which is my 5X original investment. Will reassess then. When I look at the one year graph, I'm terrified I will pull the trigger too early...
  • W
    Wasabi
    Do they have a deal or no deal for the cut. Look like a big correction coming ?
  • W
    Wasabi
    why a big drop this morning when oil up ?
  • j
    joellen
    What just happenned?? Why the reversal?? Right after I averaged down... lucky timing!
  • S
    SHERYL & IAN
    The New York-based investor considers Ovintiv, formerly known as Encana Corp., to be the poster child for all that ails the North American exploration and production sector, according to Mark Viviano, its head of public equities. The sector as a whole is rife with excessive compensation and a lack of accountability, he said in an interview.

    “Ovintiv is one of the more egregious examples of misalignment in the sector, whether it’s the excessive compensation relative to performance, the low insider ownership, or the lack of any meaningful board refreshment,” Viviano said.

    Quotes from an institution that owns about 5 million shares. Right on the money.
  • S
    SHERYL & IAN
    OVV has a lot of their Nat gas hedged out for 2021 but not much oil. I didn't like that idea has it exposed them to a lot more risk given the debt load. Saying that, their gamble may work with oil up to 45 and if you look at the strip, its almost flat for years at 45 which is a very big shift from the large contango even a month or two ago. This indicates the short term market has balanced significantly and bodes well for oil to hang around this level for quite some time with a decent level of certainty. With oil at 45 and gas hedged at what it is, OVV should generate 800m FCF in 2021. Mix that in with raising 500-600m net for Eagle Ford and they should be able to retire ( not roll over like last time) their 600m bond expiring in 2021.

    Hopefully Suttles sits on his hands and does nothing stupid like making yet another ill timed move and lets the operators do what they do best. I have plenty to say about the horrible management at OVV, and just as many good things about the field operators and engineers that are some of the best in the industry and the only reason OVV is kicking.
  • P
    ProfitTrader
    Nice to see OVV moving up....don't hold a position currently...but looks these institutional investors looking to change things at OVV: https://www.bloomberg.com/amp/news/articles/2020-11-17/energy-activist-targets-ovintiv-over-excessive-ceo-pay
    Ovintiv Criticized by Activist Over ‘Excessive’ Pay
    www.bloomberg.com
  • D
    Donye Wump
    Once the vaccine approved (couple days) then it will really go and Scott will be crying in the corner waaaaaa
  • H
    Hairytoadus
    OVV putting Eagle Ford assets up for sale. Good move or bad?
  • M
    Mark
    Selling Eagle Ford for 20% of what they paid for it , another big hit for the shareholders.
  • j
    justin
    why is this going up in price? not that I'm complaining, I'm just new, and trying to figure a little bit of this out. Earnings are down, and from that last report, it shows that profits won't be made for another 3 years at latest. On top of the fact that from the earlier comments, the management is over indulging their greed. Feedback would be much appreciated
  • S
    S
    $25 - $30 imo by end of 2021 👌
  • E
    Ed
    bought xom=excellent buy also ovv
  • P
    Papa
    Donny spoke too soon as usual
  • A
    Andrew B
    Short it at 12.60
    Should I cover now
    Or wait.
  • P
    Papa
    Headlines in 2 weeks. Oil demand has slowed the driving season is officially over
  • F
    Foster
    OK, I am sure many of you think I am simply a short on OVV. Not at all the case as I am long and long suffering since Nov of 2018 when ECA bought NFX and raped me! With that said, this last 6 days has been the fastest and most insane stock market rise I have ever seen (I am 66) and either oil is driving the market higher or the market is driving oil. My XEC has gone from 24 to 39 in 3 weeks! CNQ has gone from 17 to 24 in a month. Yet, OVV was at 13, a few months ago before all of this new catalyst (not sure what the catalyst is?) I find this 13.48 closing price to be totally dismal! I honestly would have expected us to break 20 before Thanksgiving. Is anyone really happy with this? Note, I sold 25% of my OVV at 12 to buy CNQ at 17. Wow, I wish I would have done it all! There is still a boat anchor holding this stock down. I guess it is in fact, Doug after all. Investors have no faith even with oil soaring from 40 to 45 in one week and the Dow at 30,000!
  • R
    RaptorTrading
    One month chart is a thing of beauty.