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Ovintiv Inc. (OVV)

NYSE - NYSE Delayed Price. Currency in USD
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48.92-0.91 (-1.83%)
At close: 04:00PM EDT
49.35 +0.43 (+0.88%)
After hours: 05:20PM EDT
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  • j
    jey
    feels awful. But we all know this stock is awfully undervalued. i increased my portion over 50% last week. Hedging hurts quite alot, but at the sametime that is why we can pick up the stock for such a bargain. expected fcf yield for next year is over 50%- which is better than any of the major oil and gas companies.
  • D
    Dr Michael Burry
    Michael Burry buys $16M of OVV stock in Q1 2022. This is the most undervalued Oil company we can find, sold my other CDN oil stocks and bought into OVV this week, this is a $120 stock easily
  • M
    Mart
    ok OVV time for a 10 day run to $60
  • C
    Citizen
    Hedging does not produce real losses. It protect against downsides by giving up some exposure to upside .....
    OVV is a steal at this level and one of the most under valued names in their peer group. I have been reducing positions in some of their peer group today in favor of OVV
  • B
    BOB
    Looks like our 5 days in the penalty box for high stick hedging might be over....?
  • S
    Sung Yup
    Feeling left out.. all our peer energy stocks went up a lot heading to new highs…ovv is down 25% or more compare to 52 week
  • J
    John
    Oil and gas prices remain strong. There is and continues to be a shortage of energy supply available on the markets for the next year or two. As a result, many of the oil producers will pay down much of their debt and continue to reward shareholders with dividend increases. We have a cash machine which will pay dividends and the current price is not reflecting that. Soon, perhaps a quarter or two, those who were sitting on the sidelines will realize this and jump in. The sale is on for people to acquire now, and buy backs continue. Those willing to take a gamble will load up now. Just my two cents for today!! Good luck to all.
  • j
    john
    $1.4 Billion in hedge losses. In the 1st quarter. Won't make investors likely to support the share price. If this trend continues for the rest of the year That's a whopping $6 billion dollar hedge lost for the year. I get the story I get the free cash flow I get the dividend increase. For new investors looking at the headlines Not sure too many will accumulate New shares.
  • V
    Velmakovi
    I bought this at 57.75,
    should I hold?
  • J
    John
    How long before we hit new high's on the stock? Guesses? Oil seems to be sticking at the high levels so earnings should continue to improve while driving season takes hold. Open to hear comments from holders. Thanks,
  • j
    jey
    hedging loss hurts quite a bit as expected. fcf was not bad, but not impressive at the same time. good thing is that this company will be on temporary discount so that we can pick up shares of a good company at a good price.
    i want only one thing from this company- zero hedge next year
  • T
    Troy
    Before anyone calls me out for being a shortie or a basher, know this, OVV is the second-largest holding in my portfolio and I bought more this morning. Long-term hold for me. The fact is, even at a reduced run-rate of $2.5b fcf, coupled with the turbo-charged cash returns beginning in October, make this stock incredibly cheap. But anyone saying this report was anything more than disappointing is fooling themselves.

    Consider, OVV originally guided to $2.9m fcf at $85 wti and $4.50 hh. That guidance was proffered less than three months ago. In that guidance they indicated Q1 would come in 3% lower than run-rate annual production guidance and that the shortfall would be made up in Q2-Q4. So, at planned realized pricing, fcf should have been roughly $700m. Reported realized pricing was $94.29 wti and $4.95 hh so fcf should have been closer to $750m. OVV reported $592m. If the delta were small I'd chalk it up to math from my assumptions. $158m delta is not small. Mkt cap currently just over 4x forward fcf so white-knuckling it for now!
  • S
    Sung Yup
    It’s an absolute cup and handle chart
  • J
    John
    Oil prices continue to hold strong, consumers are doing well with continued spending. So I believe we will see continued volatility, but the markets will start to move upwards again. OVV continues to be a bargain at these prices based on what the options markets are telling me. Huge orders at slightly lower levels, trying to buy in...don't let it slip below CDN$60 levels again. Just added another 3k shares on margin. Good luck to all.
  • D
    Dr Michael Burry
    The 1.5B unrealized loss is for all future hedges, ie, no more hedge losses going forward or very little if possible prices rise above Q1 levels, huge earnings expected next few quarters, very little hedged for 2023, this is a cash cow
  • D
    DT
    Latest 13F shows that Michael Burry has acquired OVV —> 7-8% of his portfolio
  • j
    jeff
    So great earnings, promising futur, stock goes down… what is going on? Investors were looking for a 5$ a share dividend?
  • R
    RT
    Whys it diving ??
  • D
    Douglas
    Just moved all the chips back in again. 3000 shares at $49.30. Nothing fundamentally has changed. Next 6 months has only good news for OVV. Inclusion to index, hitting debt target and increasing shareholder profit sharing.
  • i
    ironmill
    OVV--Completed in December of 2021 in Canadian County at 11 14N 7W, a site 4 miles southeast of the city of Okarche, had combined production of 4,481 barrels of oil a day.