Welcome to our dedicated page for Ovintiv news (Ticker: OVV), a resource for investors and traders seeking the latest updates and insights on Ovintiv stock.
Ovintiv Inc. (NYSE: OVV) is a leading North American energy company focused on hydrocarbon exploration, production, and strategic asset management across key basins in the United States and Canada. This page provides investors and industry professionals with a centralized source for Ovintiv's latest news, including press releases, financial reports, and operational updates.
Access real-time announcements covering earnings results, strategic initiatives, regulatory developments, and technological advancements in upstream operations. The curated collection ensures stakeholders stay informed about Ovintiv's multi-basin portfolio performance and market positioning.
Key updates include quarterly earnings disclosures, partnership announcements, production milestones, and sustainability initiatives. Content is organized for clarity and ease of navigation, offering both high-level summaries and detailed technical updates.
Bookmark this page for streamlined access to Ovintiv's official communications and third-party analyses. Check back regularly to monitor the company's progress in optimizing hydrocarbon recovery and maintaining operational efficiency across its North American assets.
Ovintiv Inc. (NYSE: OVV) has announced its first quarter 2023 results conference call scheduled for 9:00 a.m. MT on May 10, 2023. Investors can expect the financial and operational results to be released after market close on May 9, 2023. Alongside the results, supplemental slides and financial statements will be accessible on the company's official website www.ovintiv.com.
Participants can join the call without operator assistance by registering their phone numbers via an automated callback system. Alternatively, attendees can call directly at 888-664-6383 for North America or 416-764-8650 for international callers, 15 minutes before the event. The live audio webcast will also be available on Ovintiv's site and archived for approximately 90 days.
Ovintiv has announced a significant $4.275 billion acquisition of assets from Black Swan Oil & Gas and others, expanding its Permian Basin inventory by 65,000 net acres and adding 1,050 well locations. The deal, valued at 2.8 times next twelve months Adjusted EBITDA, promises a 19% cash flow yield. It is projected to enhance cash returns per share by over 25% in the next year and 40% in 2024. In conjunction, Ovintiv plans to divest its Bakken assets for approximately $825 million. The acquisition is expected to be immediately accretive to key financial metrics and will support the company's investment-grade balance sheet with a leverage ratio targeting 1.0 times.
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