U.S. Markets open in 3 hrs 30 mins

Ovintiv Inc. (OVV)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
9.99+0.61 (+6.50%)
At close: 4:00PM EDT
Sign in to post a message.
  • F
    Foster
    Is there any hope here? I am depressed to say the least. I know the market is in fear right now as it should be. I also know there are people who actually believe we will not need Natural Gas in 15 years, and yes, they are allowed to vote. Scary! Nevertheless, Nat Gas prices are stable and winter is still on the calendar unless that has been canceled too? I would have expected to see my ECA shares worth at least $4.00 even now. Really? This is nuts. What is also nuts is any merger take over premium is totally gone. That leaves me hoping that OVV never gets taken out. I think there is a better chance of it doubling without any help from COP or CVX. I can't imagine why a company like CXO would sellout with no premium at the bottom of the energy market?
  • J
    Jason
    https://www.oilandgas360.com/us-presidents-and-oil-production-a-deep-dive-into-obama-and-trump-records-bidens-proposed-plan/

    "If Joe Biden becomes the next US president, there are clear expectations of an increased focus on the environmental aspects of US oil and gas operations. While some additional environmental policies might challenge the US producers’ economics, it is quite possible that Biden’s policies will be beneficial for them – at least in the short term.

    A potential end to the ongoing trade war with China would surely help support demand and oil prices. Similarly, an increase in measures to prevent the spread of Covid-19 would benefit oil prices in 2021–2022 in our view. A potential fracking ban on federal land, as discussed above, would also most likely have a positive impact on oil prices in the short term.

    Taking all these factors into consideration, it seems entirely plausible that the US oil and gas industry could benefit from a Biden presidency during the first quarters of his term amid a recovery in oil prices."
  • J
    Jason
    No one wants to admit this since it's a bunch of gun slinging cowboys that typically like oil, but I think specifically OVV will go up more under a Biden Adminstration vs Trump, other companies that use federal land will have drilling restrictions implemented along with offshore drilling bans, OVV will go up..... less supply, higher prices, OVV goes up. Look at every Oil and Gas company since Trump got elected. He loosened the federal drilling restrictions and the spigots opened, and now we are awash in oil.
  • S
    S
    https://finance.yahoo.com/news/ceos-post-covid-changes-permanent-230100240.html

    DENVER, Colo., Oct.
    WELL-OILED MACHINE GOING FORWARD!!!
    DENVER, Colo., Oct.
    DENVER, Colo., Oct.
    finance.yahoo.com
  • k
    k
    Ovintiv (OVV) price target cut to $11.00/share from $14.75, maintained at equal-weight, by Morgan Stanley.
  • F
    FossilFuel
    50 crossed 200 today. Trends should incline in in a month making it first gold cross since 2017. 9 crossed 20 yesterday. Demand shaky but still balance improving...looking good. Q3 needs to be at least flat debt or better decrease in net debt...still think 12 is reasonable end of year...holding long till at least 21/22. Looking for exit 15-20. Prefer 20.
  • f
    fred
    Best way to maintain PER SHARE production is to buy back stock. At $4/bbl, its the cheapest oil around .
  • a
    alex
    13 days ago I wrote:
    "As I stated in my last post (that was deleted 2 days after) $7 is the first bottom (TA, just gut feeling and several more indicators). Following this predictions I restored 50% of position sold in $11-12 at 6.95 today. If a SP rising continues I will buy a rest, if not I will wait for the absolute rock bottom around $5.70-6.20 to finish share accumulation".

    I finished remaining 50% for 7.77 having average buy $7.35 and for the time being made already 9.7-7.35=2.35/share i.e. 2.35/7.35=35%. I expect OVV will march to 12-13 before the next drop or consolidation starts.
    This is my second rally, the first one was from 2.5 to 12.
    Good luck.
  • J
    Jesus
    We had a 6.5% increase that brings us just below $10 and no one says anything? Well, I'm grateful and hope this continues tomorrow. It would be nice if we were at $10.50 - $11.50 before the 3rd qtr numbers come out. So glad I didn't panic sell during the drop to $8.xx
  • F
    FossilFuel
    Expecting gulf shutins to result in two back to back weeks of decent storage reports. Also expect ng to remain bullish with winter around the corner. 12 usd by end of year very likely.
  • J
    Jesus
    Alright, a 9% gain! That's more like it. Let's hope this continues for the rest of the week! Still holding until next year.
  • J
    Jason
    Interesting!!! I just thought about something, if we didnt do a reverse stock split prior to the virus, our stock price would be under $2 right now, and really for a long period of time it would have been under $1, which may have caused an exchange delisting, and then we would have traded OTC, which would have also prevented ETF purchases. WOW, just think, if Suttles didn't do a reverse split, we would have probably went bankrupt! Am I wrong on this? Maybe things happen for a reason and we are lucky, or maybe Suttles is smarter than we thought!! And we know its not the latter.

    FEELING LUCKY NOW!!! LETS GO OVVIVVEEEEE!!!!
    Bullish
  • P
    ProfitTrader
    anyway guess where this is going? could be a really nice buy if it hits march april levels....waiting on the sidelines here!
  • F
    Foster
    OK, I am struggling to be optimistic. We are in the midst of a huge energy rally, including both oil and Nat Gas. A random scan of energy names looks hopeful today, yet OVV, is still trading as ECA x 1.68. This stock was $12 just a over a month ago. Am I missing something here? I feel like everyone got the memo and I was left of the internal distribution list. Note: Of the stocks I either own or follow, XEC is as bleak as OVV as of last few weeks. It is also not getting any traction today. Any thoughts on either? For comparison, XEC is not a debt ridden company like OVV, so that can't be the correlation. They both operate in the same core fields (excepting Canada for OVV). XEC it in the Permian and STACK Oklahoma practically next-door to OVV in both. Just an observation.
  • C
    Casian
    Good moment to buy the stock 9.5$ soon🔥
    Bullish
  • B
    Billy
    I own OVV. But 70% of my investment is in JE. Winter coming the gas and oil sector only up from her..
    Bullish
  • P
    ProfitTrader
    Investing in oil? read the recent IEA annual report....."new king" is solar!
  • j
    jeff
    Up up up baby
  • V
    Valerian
    This thing is nothing special. It will fall like a rock and try to catch up with MRO . . . If you must own this, sell and buy back in the low 3's on a retest of the lows.... Trump is now saying that he likes EV's and wants them to play a big part in our economy..... These little oil companies remind me of the Coal outfits when they all fell out of favor....