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Ovintiv Inc. (OVV)

NYSE - NYSE Delayed Price. Currency in USD
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27.82+0.52 (+1.90%)
At close: 4:00PM EST
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  • A
    Alt + F4
    So glad I didn't sell when it was down 15% back in August/September. Now I'm up 140% but it's only worth 5k. Smh what's everyone's exit strategy? Waiting for -10%?
  • F
    FossilFuel
    Anyone see 30 usd by June? Better market fundamentals and company financials now and 2016 it rode from 15 to over 60 in less than 9 months. Counting on continued demand recovery and opec+
  • Y
    Yakob
    Why. Didn’t. I. Buy. More.
    Bullish
  • D
    DennisK
    Only need 114 points to break even
  • D
    Douglas
    I've consistently been transparent on my strategy going back a year. btw, my largest position was at $3 and change. I said that $25 I would re-evaluate. Based on their most recent earnings report, with accelerated debt reduction and cash flow growing at conservative price of oil, this company has much farther to go. With the commodity cycle heating up (consensus by many of the largest banks and investment firms) oil is getting a double bounce in the next 18 months.I'm aware that the the corona virus could #$%$ investors if it comes back due to Texas and others opening up with new variants out there. However, there is also a chance that international conflict in some of the more unstable countries could do the opposite. My next stop is mid $30's and I'll do the same evaluation. Over $35 I will start placing my stop losses at around today's price.
  • F
    Frank
    Finally--- It broke pre-reverse split price.. I just broke even. It took 13 months.
    Bullish
  • A
    Alex
    Ain’t much to it. Just buy and hold.
  • m
    max
    is it too late to get in?
  • t
    tommy
    Bought in at 4.53 cad. Enjoying this 600% gain.
  • F
    FossilFuel
    Stock consultant site:
    Breakout trade
    CONFIRMED breakout above 26.3
    Target: 34.85, 27.7% Stop: 24.5 Loss: 10.3%
    P/L ratio: 2.7 : 1 - Good
  • W
    WS
    So why does OVV CEO make close to $13m a year with a 6B market cap, almost the same as the CEO of Devon with a 15B market cap? This company is way overpaying executive management and does not justify the pay. Correct me if I am wrong, but any explanations for this?
  • A
    AAR
    A $ more and I am even after waiting for months.
    It was a bad timing for me for just after I got in the reverse split was announced.
    Now do I get out once I even up and just move on?
  • P
    Patrick
    finally positive in my position here, it's been a long wait but finally
    Bullish
  • S
    S
    We see oil demand rebounding at more than twice the rate suggested by recent history which indicates a relationship where every 1% of global economic growth equates to about 0.5% growth in oil demand," JPMorgan analyst Natasha Kaneva said in a recent client note. "Our economists now anticipate global economic growth to average 6.4% this year and we project oil demand expanding at a 6.7% rate as increased mobility amplifies the recovery."
    Bullish
  • D
    Douglas
    OPEC+ Meeting March 3/4th. They have a lot to consider to keep market balanced and not lose market share. Russia is less inclined to keep production subdued especially if we start seeing US Shale rig counts climbing. However, banks are less inclined to finance cash strapped companies and well capitalized shale players like OVV focusing on returning cash to shareholders and paying down debt. This should keep US shale in check.
    Also approaching shoulder season where demand softens till summer travel kicks in. For this reason, I'm hoping we see moderate growth till mid March (as long as OPEC+ doesn't do anything too drastic). I see April/May gaining support at the new level, but as summer kicks in I'm hoping we see OVV begin outpacing competitors again until it reaches a similar valuation to its peers.
    Just my thoughts. I'll be doing a more detailed analysis of their intrinsic value and how they compare against peers in the next couple of weeks. The low price has been blamed on their debt/equity ratio but with aggressive plans to reduce debt to $4.5B by end of 2022, they will be one of the best positioned.
    Still in it for the long play, but I see some short term turbulence coming in the next few months. Those who take the time to understand the strength of this company will be richly rewarded in the future. Do not let institutions shake out the weak hands, stay the course! The more determinedly we hold our positions the more valuable the stock becomes.
  • S
    S
    No need to over think it! The fundamentals are in tact and the debt is being paid down faster than expected. Even if the fundies weren't that great, we are in the beginnings of an unprecedented SuperCycle recovery and we all know that most stocks follow the sector anyway. Lookin' really good!👌
    Bullish
  • z
    zman
    $50USA is normal if oil holds above $60 for 6 months.
  • D
    Douglas
    Day traders with short term outlook doing technical analysis taking some profits. I used to be one of those guys and spent hours everyday reading candle stick charts and making short term bets. Tons of work and at the end of the day, I seldom made more than I would have if I had just bought and held onto a good company. Tons of research has been done on this. It's like the guy in rush hour traffic weaving in and out of lanes. Sometimes he gets a little ahead of you, but often I find myself passing them just hanging out in my same lane!
  • D
    David
    Bloomberg) -- Brent oil resumed gains as the market assessed the fallout from the big freeze across Texas, with Goldman Sachs Group Inc. predicting prices will advance into the $70s in coming months.
  • S
    S
    Another month extension before Opec raises production. Who knows how rapidly OVV goes up in that time🙌
    Bullish