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Ovintiv Inc. (OVV)

NYSE - NYSE Delayed Price. Currency in USD
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48.31-1.05 (-2.13%)
At close: 04:00PM EDT
48.31 0.00 (0.00%)
Pre-Market: 05:00AM EDT
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  • J
    John
    Earnings $5.21 expected $2.81
  • j
    jey
    FCF yield for 2023e 44%, unhedged 51%. 2024e 42%, unhedged 76%. If you want to buy a large cap oil , this is the best one.
  • D
    DocMoc
    • Generated second quarter net earnings of $1.36 billion, Non-GAAP Cash Flow of $1.22 billion and Non-GAAP Free Cash Flow of $713 million
    • Doubled shareholder returns from 25% to 50% of Non-GAAP Free Cash Flow after base dividends beginning in July 2022, one quarter sooner than previously planned
    • Returned approximately $200 million to shareholders in the second quarter via share buybacks and base dividends; the Company expects to return approximately $389 million in the third quarter
    • Redeemed the entire aggregate principal amount of its 2024 notes totaling approximately $1 billion
    • Reduced Net Debt by $610 million during the quarter; Company expects to achieve its $3 billion Net Debt target before the end of the year
    • Announced agreements to sell portions of its Uinta and Bakken assets in July for approximately $250 million before closing adjustments
    • Delivered second quarter total production of 500 thousand barrels of oil equivalent per day ("MBOE/d"), at the high end of Company guidance; oil and condensate production averaged 175 thousand barrels per day ("Mbbls/d"), at the high end of Company guidance
  • T
    THOMAS
    They beat earnings by 86%. Are you kidding me!!!!!!!!
  • j
    john
    Looks like a steal at these levels. Market doesn't think so. I'm buried at a much higher cost basis. Order in @ $41.28 Good day all John
  • j
    jey
    great earning!
  • S
    Solidus
    $LPI conversation
    We should be at or above 2018 share price levels... Manipulation and political pressure are keeping this and a lot of other O&G stocks down... Buy up we'll get there soon enough... These companies are hedged well and are in great positions... $CPE $LPI $OVV $CDEV $CVE
    Bullish
  • D
    Douglas
    Daily musing for the day...
    Goldman Sachs list OVV in top two recommendations. It's impossible to predict how the market will react to ER... But generally it's negative and takes a month to recover. However, in this case we were surprised by the recent asset sale and moving up the timeline to deliver %50 profit to shareholders, after dividends. So I'm cautiously optimistic that we will get a bounce this week.
    I'm a value investor and I'm holding. Compare OVV's future P/E ration to comparable peers, who themselves are all undervalued due to many investors avoiding O&G. Investors cannot ignore the profits being made today.
    I'm holding a few up stream companies like OVV, but like Warren Buffet, I think it's the integrated O&G's that will provide the best returns with the least volatility in the next few years.
    Ironically, many of the advocates for clean energy are so woefully uniformed that they are sabotaging an orderly transition to clean energy and forcing energy costs to sky-rocket.
    Also, just as it was predicted that the giant cable companies would be wiped out by the transition to the Internet but instead used their expertise, vast funds and political leverage to transition and only become larger, I predict O&G companies will do the same. They will lead the transition to clean energy, and are already starting to do this.
  • r
    richard
    $289 million to retire (about 6-1:2 million shares) in quarter ending in 7 weeks. At this rate OVV retires 10% of shares annually.
  • C
    Citizen
    $LPI conversation
    $PFHC

    Stifel Adjusts Price Target on ProFrac to $29 From $27, Reiterates Buy Rating

    Told you guys ..... $DVN $PXD $FANG $OVV $CPE $OVV $LPI $ESTE $CHK $AR $PDCE
  • D
    Douglas
    Goldman Sachs lists OVV in top 5 O&G's. This is their comment:
    Natural-gas producer Ovintiv Inc. OVV, 6.25%, formerly known as Encana, is on Goldman’s radar as its free cash flow allocation toward share buybacks “can allow the shares to close the relative gap vs. peers,” the analysts said.
  • j
    jey
    there's only one problem for this company- hedging loss. but next year it will go away and i am excited to see how much cash this company will print by next year. And few years after Canada will complete infrastructure for NG export. We all know this company already have best NG well in Canada. It will be a great long term investment.
  • H
    Hairytoadus
    Cheap cheap…
  • j
    john
    The market doesn't like the hedge losses. 2nd and 3rd quarter should be a billion dollars plus. If they follow along with the past year. Oil is turning negative. I'm still holding. 1st quarter of next year should be the 1st true test Without hedging losses. Have a good afternoon all John
  • T
    Troy
    Firing on all cylinders...beautiful report!
    Bullish
  • j
    jeff
    So we hit a home run with earnings, great prospects and we open in the red?
  • k
    k
    About time for a forward split.
    All of us remaining who experienced the 1:5 reverse split will particularly appreciate it.
  • C
    Citizen
    $CHK conversation
    Big breakout in HH just now. Will be good for gassy names $CHK $ESTE $OVV $AR
  • G
    Govbailout
    Nat gas hits an all time high and this is down????
  • S
    Saook
    Great earnings and post market is mediocre hopefully she rallies tomorrow
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