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Ovintiv Inc. (OVV)

NYSE - NYSE Delayed Price. Currency in USD
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9.12+0.54 (+6.29%)
At close: 4:00PM EDT

8.89 -0.23 (-2.52%)
Before hours: 6:51AM EDT

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  • A
    Alex
    Call me biased, but I look at their projection for 2021: $800mil free cash flow at $45/$3.00 and that sounds pretty good to me. And realistic too. That would put the stock at 3x 2021 FCF.
  • S
    SHERYL & IAN
    Interesting tidbits:

    Pioneer CEO ( who is one of the best oil CEO's in the US) came out and said the consolidation should slow as most of the best Shale assets available have now been acquired. He said there will be lots more consolidation in the coming years, but too many firms have far too much debt and need to de lever before more consolidation can continue. " You can't take one bad balance sheet and add another one " He has even called out Ovintiv in the past as one such company. Interestingly enough, he thought oil would be around 50 by mid next year and that the new business model for US oil and gas is no growth and much more return of assets to shareholders. This is because investors won't buy into oil's old pattern of grow at all costs and pay for it with huge debt loads. Also called company management being paid far too much for terrible management. He basically hit the nail on the head.
  • F
    Foster
    The call must have gone well. I just need this 45 cent increase to happen 88 more times and I will be back to par! If anyone has any positive thoughts on this move, please share? I will read the call transcripts later tonight.
  • H
    Hairytoadus
    Good amount of consolidation of fairly substantial companies occurring in this space. Which should mean more disciplined production which should result in higher prices. Patience.
  • P
    ProfitTrader
    beat
  • F
    FossilFuel
    Stellar quarter imho. Feel comfortable about 15 to 20 USD by end of 2021.
    Earnings are out.
  • s
    sean s
    A net loss of 4.4 Billion? Did i read that right?
  • T
    Thomas
    im trying to figure amount of OVV that is oil v nat gas production. my research: 70% oil 30% nat gas. anyone know if this is accurate?
  • E
    Eddy
    No surprise if we see 7$us EOW
  • s
    sean s
    Is 1.5 billion net loss not a big deal? Lol
  • 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?
  • S
    Shaker & Mover
    ER wasn’t what I was hoping for but the market seems ok with it. Onward and upward OVV. Would like to see $13 by year end. GLTA!
  • 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
  • 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
  • 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."
  • E
    Ed
    $11 sooner than latter is reasonable=virus stabilizing=business to
    normal is getting there=more people are born each year than goes
    away=crude with us for next 100 years...
  • S
    Scott the Douche
    How much debt here?
  • 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.
  • 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.