Ovintiv

Ovintiv

About Ovintiv

Simplify's Rating
Why Ovintiv is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Calgary, Canada

Founded

1971

Overview

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Simplify's Take

What believers are saying

  • Montney acquisition adds 70,000 BOE/d, boosting production capacity significantly.
  • Ovintiv's 2024 free cash flow increased by 50%, indicating strong financial health.
  • Focus on core assets enhances long-term inventory and operational efficiency.

What critics are saying

  • Increased competition in Montney could impact Ovintiv's market share.
  • Fluctuating oil prices may affect financial stability post-acquisition.
  • Stricter Canadian regulations could raise operational costs for Montney assets.

What makes Ovintiv unique

  • Ovintiv's strategic acquisition of Montney assets enhances its North American portfolio.
  • The company focuses on high-quality, undeveloped acreage in the Montney region.
  • Ovintiv's leadership includes experienced industry veterans like Terri King.

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Funding

Total Funding

$2984.8M

Above

Industry Average

Funded Over

2 Rounds

Secondary funding comparison data is currently unavailable. We're working to provide this information soon!
Secondary Funding Comparison
Coming Soon

Benefits

Unlimited Paid Time Off

Flexible Work Hours

Company News

PR Newswire
Mar 26th, 2025
Ovintiv To Host Its First Quarter 2025 Results Conference Call And Webcast On May 7, 2025

DENVER, March 26, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its first quarter 2025 results conference call at 8:00 a.m. MT, on Wednesday May 7th, 2025. The Company plans to release its financial and operating results after market close, Tuesday May 6, 2025. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com.To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4gNVVu0 to receive an instant automated call back.You can also dial direct to be entered to the call by an Operator. Please dial 888-510-2154 (toll-free in North America) or 437-900-0527 (international) approximately 15 minutes prior to the call.The live audio webcast of the event, including slides, also will be available on Ovintiv's website, under Investors/Presentations and Events, and will be archived for approximately 90 days.Further information on Ovintiv Inc

Insider Monkey
Mar 6th, 2025
Ovintiv Inc. (OVV): Among the Best Cheap Energy Stocks to Invest In Now

Ovintiv Inc. (OVV): among the Best Cheap Energy Stocks to Invest in Now.

PR Newswire
Feb 26th, 2025
Ovintiv Reports Fourth Quarter And Year-End 2024 Financial And Operating Results

2024 Non-GAAP Free Cash Flow Up Approximately 50% Year-Over-Year. Highlights:. Full Year 2024 Generated cash from operating activities of $3.7 billion, Non-GAAP Cash Flow of $4.0 billion and Non-GAAP Free Cash Flow of $1.7 billion after capital expenditures of $2.3 billion

PR Newswire
Jan 31st, 2025
Ovintiv Announces Closing Of Montney Asset Acquisition

DENVER, Jan. 31, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day ("MBOE/d") of production, 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres of land, strategically located near the Company's current Montney operations with ample access to midstream infrastructure capacity. "We are set to rapidly integrate the new Montney asset into our portfolio," said Ovintiv President and CEO, Brendan McCracken. "We consider it to be one of the highest quality undeveloped acreage positions in North America

PR Newswire
Jan 27th, 2025
Ovintiv Names Terri King To Board Of Directors

DENVER, Jan. 27, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Terri G. King has been named as an independent member of its board of directors, effective January 31, 2025. King, 63, retired from ConocoPhillips Company (ConocoPhillips) in 2023 as Chief Commercial Officer and Vice President. During her lengthy career with ConocoPhillips, she held various roles including President, Lower 48; President, Europe North Africa; President, United Kingdom; and General Manager of Global Production

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