Annuncio • May 14
Ovintiv Declares Quarterly Dividend, Payable on June 30, 2026 On May 11, 2026, Ovintiv's Board declared a quarterly dividend of $0.30 per share of common stock payable on June 30, 2026, to shareholders of record as of June 15, 2026. Annuncio • May 13
Ovintiv Inc. Provides Production Guidance for the Second Quarter of 2026 and Reiterated Full Year of 2026 Ovintiv Inc. provided production guidance for the second quarter of 2026 and reiterated full year of 2026. For the quarter, the company expects total production of 610 MBOE/d to 635 MBOE/d, Oil & Condensate to be 200 Mbbls/d to 205 Mbbls/d, NGLs (C2 - C4) to be 75 Mbbls/d to 80 Mbbls/d and Natural Gas to be 2,000 MMcf/d – 2,100 MMcf/d.
For the full year, the company expects total production of 620 MBOE/d to 645 MBOE/d, Oil & Condensate to be 205 Mbbls/d to 212 Mbbls/d, NGLs (C2 - C4) to be 80 Mbbls/d to 85 Mbbls/d and Natural Gas to be 2,000 MMcf/d – 2,100 MMcf/d. Annuncio • Apr 11
Ovintiv Inc. to Report Q1, 2026 Results on May 11, 2026 Ovintiv Inc. announced that they will report Q1, 2026 results After-Market on May 11, 2026 Annuncio • Apr 10
An undisclosed buyer completed the acquisition of Anadarko Assets in Oklahoma of Ovintiv Inc. An undisclosed buyer entered into a definitive agreement to acquire Anadarko Assets in Oklahoma of Ovintiv Inc. for $2.9 billion on January 1, 2026. A cash consideration of $3 billion will be paid by the buyer. The sale includes approximately 360 thousand net acres, which represents substantially all of the Ovintiv Inc's acreage in the play. Month to date production in February is approximately 90 thousand barrels of oil equivalent per day including approximately 27 thousand barrels per day of oil and condensate, approximately 240 million cubic feet per day of natural gas and approximately 23 thousand barrels per day of natural gas liquids. The transaction marks a significant milestone for Ovintiv Inc by focusing on its portfolio, delivering on debt target, and unlocking increased returns to its shareholders.
The sale is subject to the satisfaction of normal closing conditions and customary closing adjustments and is expected to close early in the second quarter of 2026. The transaction receipt of necessary third party consents and governmental approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, consummation of the Pre-Closing Reorganization.
Wells Fargo & Company acted as financial advisor to Ovintiv Inc. David Castro Jr, Lindsey Jaquillard, Kyle Watson, Colleen Haile, Maureen O'Brien, Caitlin Pyrce, Stephen Jacobson, Maddison Riddick, Christie Alcala, Mark Dundon, Damien Lyster, Paul Tanaka, Chuck Boyars, Matthew Wheatley, Jordan Roberts, Purun Cheong, Michael Rigdon and Sara Lampert of Kirkland & Ellis LLP acted as legal advisor to Ovintiv Inc. Chris Heasley, John Stavinoha, Bryant Lee, Christine Mainguy, Benjamin Rosemergy, Laura Waller, Peter Todaro, Joshua Marnitz, S. Drew Levin, Robin Hulshizer and J. Patrick Nevins of Latham & Watkins LLP acted as legal advisor to undisclosed buyer.
An undisclosed buyer completed the acquisition of Anadarko Assets in Oklahoma of Ovintiv Inc. on April 9, 2026. Annuncio • Mar 26
Ovintiv Inc., Annual General Meeting, May 06, 2026 Ovintiv Inc., Annual General Meeting, May 06, 2026. Annuncio • Feb 21
Ovintiv Inc. Appoints Gregory P. Hill to the Corporate Responsibility and Governance Committee and the Environment, Health and Safety Committee of the Board, Effective February 17, 2026 Ovintiv Inc. announced that on February 15, 2026, the Board appointed Mr. Gregory P. Hill to the Corporate Responsibility and Governance Committee and the Environment, Health and Safety Committee of the Board effective February 17, 2026. Annuncio • Feb 19
An undisclosed buyer entered into a definitive agreement to acquire Anadarko Assets in Oklahoma of Ovintiv Inc. for $3 billion. An undisclosed buyer entered into a definitive agreement to acquire Anadarko Assets in Oklahoma of Ovintiv Inc. for $3 billion on February 17, 2026. A cash consideration of $3 billion will be paid by the buyer. The sale includes approximately 360 thousand net acres, which represents substantially all of the Ovintiv Inc's acreage in the play. Month to date production in February is approximately 90 thousand barrels of oil equivalent per day including approximately 27 thousand barrels per day of oil and condensate, approximately 240 million cubic feet per day of natural gas and approximately 23 thousand barrels per day of natural gas liquids. The transaction marks a significant milestone for Ovintiv Inc by focusing on its portfolio, delivering on debt target, and unlocking increased returns to its shareholders. The sale is subject to the satisfaction of normal closing conditions and customary closing adjustments and is expected to close early in the second quarter of 2026.
Wells Fargo & Company acted as financial advisor to Ovintiv Inc. David Castro Jr, Lindsey Jaquillard, Kyle Watson, Colleen Haile, Maureen O'Brien, Caitlin Pyrce, Stephen Jacobson, Maddison Riddick, Christie Alcala, Mark Dundon, Damien Lyster, Paul Tanaka, Chuck Boyars, Matthew Wheatley, Jordan Roberts, Purun Cheong, Michael Rigdon and Sara Lampert of Kirkland & Ellis LLP acted as legal advisor to Ovintiv Inc. Chris Heasley, John Stavinoha, Bryant Lee, Christine Mainguy, Benjamin Rosemergy, Laura Waller, Peter Todaro, Joshua Marnitz, S. Drew Levin, Robin Hulshizer and J. Patrick Nevins of Latham & Watkins LLP acted as legal advisor to undisclosed buyer. Annuncio • Jan 30
Ovintiv Inc. Appoints Gregory P. Hill as Independent Board Member, Effective January 30, 2026 Ovintiv Inc. announced that Gregory P. Hill has been appointed as an independent member of its board of directors, effective January 30, 2026. Hill, aged 64, retired in 2025 as President, Worldwide Exploration & Production and Executive Vice President of Hess Corporation. During more than four decades in the energy industry, he held senior leadership roles at Hess, Shell, Aera Energy, and other organizations, leading major global portfolios across North America, Europe, Asia Pacific, and the Middle East. At Hess, Hill oversaw significant portfolio transformation, operational excellence initiatives, and major growth in key regions including Guyana, the Bakken, and the Gulf of America. He previously served in senior executive roles with Shell International E&P in both Europe and Asia, and Aera Energy. Hill holds a Bachelor of Science in Mechanical Engineering (with honors) from the University of Wyoming and received an Honorary Doctorate from the University in 2024. Annuncio • Jan 20
Ovintiv Inc. to Report Q4, 2025 Results on Feb 23, 2026 Ovintiv Inc. announced that they will report Q4, 2025 results After-Market on Feb 23, 2026 Annuncio • Dec 13
Ovintiv Inc. Announces Board Changes Ovintiv Inc. announced that Peter Dea will retire from its Board of Directors (the "Board") effective May 6, 2026. Steven Nance has been unanimously elected by the Board to replace Dea as Board Chairman. Mr. Dea joined the Board in 2010 and has served as Chairman since 2020. With over 40 years of leadership and value creation expertise in the E&P industry, successfully leading both public and private companies, he developed a track record of delivering substantial shareholder value. His experience brought to the Ovintiv Board valuable insight into oil and gas operations, sustainability, strategy, and energy-related policy. Through his personal and professional efforts, Mr. Dea has prioritized sustainability and stewardship and, with his family, established a foundation that supports education, science, and conservation causes. Nance brings over a decade of experience as a corporate director and extensive expertise in governance, M&A and shareholder engagement. He has served on multiple public and private boards, has experience as Lead Director and Committee Chair, and contributed to best-in-class governance practices. He is currently President and Manager of Steele Creek Energy, LLC, a private oil and gas investment firm. He has served on the Ovintiv Board for six years and is currently the Chair of the Environment, Health and Safety Committee. Annuncio • Oct 08
Ovintiv Inc. to Report Q3, 2025 Results on Nov 04, 2025 Ovintiv Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Annuncio • Jul 11
Ovintiv Inc. to Report Q2, 2025 Results on Jul 24, 2025 Ovintiv Inc. announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Annuncio • Mar 27
Ovintiv Inc. to Report Q1, 2025 Results on May 06, 2025 Ovintiv Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 Annuncio • Mar 01
Ovintiv Inc. Appoints Terri G. King to the Environment, Health and Safety Committee and the Reserves Committee of the Board On February 21, 2025, the Board of Ovintiv Inc. appointed Ms. Terri G. King to the Environment, Health and Safety Committee and the Reserves Committee of the Board effective February 21, 2025. Annuncio • Feb 03
Ovintiv Inc., Annual General Meeting, May 01, 2025 Ovintiv Inc., Annual General Meeting, May 01, 2025. Annuncio • Jan 28
Ovintiv Inc. Appoints Terri King to Board of Directors, Effective January 31, 2025 Ovintiv Inc. announced that Terri G. King has been named as an independent member of its board of directors, effective January 31, 2025. King, 63, retired from ConocoPhillips Company (ConocoPhillips) in 2023 as Chief Commercial Officer and Vice President. During her lengthy career with ConocoPhillips, she held various roles including President, Lower 48; President, Europe & North Africa; President, United Kingdom; and General Manager of Global Production. King received her Bachelor of Science degree in engineering science from Trinity University and a Master of Business Administration degree from the University of Houston. She is a licensed Professional Engineer. Ovintiv maintains an ongoing Board refreshment process. King's appointment marks the Company's third new independent director in as many years. Annuncio • Jan 17
Ovintiv Inc. to Report Q4, 2024 Results on Feb 26, 2025 Ovintiv Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 26, 2025 Annuncio • Oct 12
Ovintiv Inc. to Report Q3, 2024 Results on Nov 07, 2024 Ovintiv Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 New Risk • Sep 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks High level of debt (59% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (19% net profit margin). Declared Dividend • Sep 06
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jul 12
Ovintiv Inc. to Report Q2, 2024 Results on Jul 30, 2024 Ovintiv Inc. announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Annuncio • Apr 09
Ovintiv Inc. to Report Q1, 2024 Results on May 07, 2024 Ovintiv Inc. announced that they will report Q1, 2024 results on May 07, 2024 Annuncio • Mar 10
Ovintiv Inc. Eliminates Renee E. Zemljak as Executive Vice-President, Midstream, Marketing & Fundamentals, Effective April 1, 2024 On March 7, 2024, Ovintiv Inc. announced that it will eliminate the role of Executive Vice-President, Midstream, Marketing & Fundamentals of the Company, and as a result, Renee E. Zemljak will no longer serve in the role effective as of April 1, 2024. On March 7, 2024, the Company and Ms. Zemljak also entered into a transition services and separation agreement. Pursuant to the Transition Agreement, Ms. Zemljak will remain a non-officer Senior Advisor to the Company to advise on matters relating to the transition through December 1, 2024, (the period from April 1, 2024, through Ms. Zemljak’s actual separation date, the “Transition Period”). Ms. Zemljak will retire at the expiration of the Transition Period. Annuncio • Feb 06
Ovintiv Inc., Annual General Meeting, May 02, 2024 Ovintiv Inc., Annual General Meeting, May 02, 2024. Annuncio • Jan 27
Ovintiv Inc. to Report Q4, 2023 Results on Feb 27, 2024 Ovintiv Inc. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024 Annuncio • Jan 12
Ovintiv Inc. Appoints Sippy Chhina as Independent Member of Its Board of Directors, Effective January 15, 2024 Ovintiv Inc. announced that Sippy Chhina has been named as an independent member of its board of directors, effective January 15, 2024. Chhina, 57, recently retired as a Partner at Deloitte Canada LLP, a leading multinational professional services network, where she held various roles since 2006. In addition to her client responsibilities, she also served as a member on the Board of Deloitte Canada and was a Vice Chair of the Firm. Prior to joining Deloitte Canada, Chhina served in roles of increasing responsibility with BDO LLP, including Partner from 1999 to 2006. She brings deep technical expertise in accounting, audit and financial reporting matters, extensive energy industry experience and professional services experience. Chhina immigrated to Canada from India in 1985, is a Chartered Professional Accountant and has her ICD.D designation from the Institute of Corporate Directors. Annuncio • Dec 14
Ovintiv Inc. Announces Retirement of Katherine L. Minyard as Director, Effective December 31, 2023 On December 12, 2023, Katherine L. Minyard notified the Board of Directors of Ovintiv Inc. (Corporation) that she will retire as a director of the Corporation effective December 31, 2023. Ms. Minyard’s decision to retire was not based on any disagreement with the Corporation on any matter relating to the Corporation’s operations, policies or practices. The Board has fixed the number of directors at eleven effective the end of her term. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$1.48 (vs US$4.70 in 3Q 2022) Third quarter 2023 results: EPS: US$1.48 (down from US$4.70 in 3Q 2022). Revenue: US$2.63b (down 28% from 3Q 2022). Net income: US$406.0m (down 66% from 3Q 2022). Profit margin: 15% (down from 33% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to grow by 1.5%. Board Change • Nov 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ralph Izzo was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 11
Ovintiv Inc. to Report Q3, 2023 Results on Nov 07, 2023 Ovintiv Inc. announced that they will report Q3, 2023 results on Nov 07, 2023 Board Change • Oct 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ralph Izzo was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 12
Ovintiv Inc. has completed a Follow-on Equity Offering in the amount of $681.75 million. Ovintiv Inc. has completed a Follow-on Equity Offering in the amount of $681.75 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: $45.45 Annuncio • Jul 30
Ovintiv Inc. Revises Production Guidance for the Year 2023 and Provides Production Guidance for the Third Quarter of 2023, Second-Half and Full Year of 2024 Ovintiv Inc. revised production guidance for the year 2023 and provided production guidance for the third quarter of 2023, second-half and full year of 2024. For the full year 2023, the company expects revised total production to be in the range of 535 MBOE/d to 550 MBOE/d compared to previously expected total production to be in the range of 521 MBOE/d to 546 MBOE/d. For the third quarter of 2023, the company expects total production to be in the range of 540 MBOE/d to 560 MBOE/d. In 2024, the company expects to deliver total company average oil and condensate production volumes of greater than 200 Mbbls/d. The company's production profile is expected to normalize by mid-year 2024 with second-half 2024 oil and condensate production stabilizing at 200 Mbbls/d. Annuncio • Jul 29
Ovintiv Inc. Declares Quarterly Dividend, Payable on September 29, 2023 On July 27, 2023, Ovintiv Inc.'s board declared a quarterly dividend of $0.30 per share of common stock payable on September 29, 2023, to shareholders of record as of September 15, 2023. Annuncio • Jun 30
Ovintiv Inc. to Report Q2, 2023 Results on Jul 27, 2023 Ovintiv Inc. announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Annuncio • Jun 13
Ovintiv Inc. Updates the Production Guidance for Second Quarter and Full Year of 2023 Ovintiv Inc. updated the production guidance for second quarter and full year of 2023. For the second quarter, the company expects the Total Production of 520 to 540 MBOE/d against previous guidance of 515 MBOE/d to 535 MBOE/d. Oil & Condensate of 175 to 179 MBOE/d against previous guidance of 170 MBOE/d to 174 MBOE/d.For the year, the company expects the Total Production of 521 to 546 MBOE/d against previous guidance of 520 MBOE/d to 545 MBOE/d. Oil & Condensate of 186 to 196 MBOE/d against previous guidance of 185 MBOE/d to 195 MBOE/d. Board Change • May 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ralph Izzo was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • May 11
Ovintiv Inc. Provides Production Guidance for the Second Quarter and Reaffirms Production Guidance for the Full Year 2023 and Provides Production Guidance for the Year 2024 Ovintiv Inc. provided production guidance for the second quarter and reaffirmed production guidance for the full year 2023 and provided production guidance for the year 2024. For the second quarter, the company expects total production to be in the range of 515 MBOE/d to 535 MBOE/d. For the full year, the company expects total production to be in the range of 520 MBOE/d to 545 MBOE/d. The company expects to deliver 2024 total company average oil and condensate production volumes of greater than 200 Mbbls/d with total capital investment of $2.1 billion to $2.5 billion, following the integration of the recently announced Midland Basin acquisition and the Bakken divestiture. Board Change • Mar 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ralph Izzo was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ralph Izzo was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jan 18
Ovintiv Inc. to Report Q4, 2022 Results on Feb 27, 2023 Ovintiv Inc. announced that they will report Q4, 2022 results After-Market on Feb 27, 2023 Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 21% share price gain to Mex$1,054, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Oil and Gas industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,215 per share. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Mexican dividend payers (6.3%). Lower than average of industry peers (20%). Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$5.28 (vs US$0.79 loss in 2Q 2021) Second quarter 2022 results: EPS: US$5.28 (up from US$0.79 loss in 2Q 2021). Revenue: US$3.72b (up 50% from 2Q 2021). Net income: US$1.36b (up US$1.56b from 2Q 2021). Profit margin: 37% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is expected to shrink by 9.4% compared to a 32% growth forecast for the industry in Mexico. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 16% share price gain to Mex$933, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Oil and Gas industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,456 per share. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Mex$821, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Oil and Gas industry in South America. Total returns to shareholders of 44% over the past year. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (20%). Recent Insider Transactions • Jun 03
Independent Director recently sold Mex$4.2m worth of stock On the 26th of May, Steven Nance sold around 4k shares on-market at roughly Mex$1,040 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$827k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 21% share price gain to Mex$1,142, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Oil and Gas industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,121 per share. Recent Insider Transactions • May 27
Independent Director recently sold Mex$4.2m worth of stock On the 26th of May, Steven Nance sold around 4k shares on-market at roughly Mex$1,040 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought Mex$1.3m more than they sold in the last 12 months. Annuncio • May 12
Ovintiv Inc. Provides Production Guidance for the Second Quarter, Second Half and Full Year of 2022 Ovintiv Inc. provided production guidance for the second quarter, second half and full year of 2022. For the second quarter, the company expects Oil & Condensate production to be between 172 Mbbls/d to 175 Mbbls/d. Other NGLs production to be between 78 Mbbls/d to 82 Mbbls/d. Natural Gas production to be between 1,435 MMcf/d to 1,465 MMcf/d. For the second half, the company expects Oil & Condensate production to be between 185 Mbbls/d to 195 Mbbls/d. Other NGLs production to be between 78 Mbbls/d to 82 Mbbls/d. Natural Gas production to be between 1,450 MMcf/d to 1,500 MMcf/d. For the full year, the company expects Oil & Condensate production to be between 180 Mbbls/d to 185 Mbbls/d. Other NGLs production to be between 78 Mbbls/d to 82 Mbbls/d. Natural Gas production to be between 1,450 MMcf/d to 1,500 MMcf/d. Reported Earnings • May 11
First quarter 2022 earnings released: US$0.94 loss per share (vs US$1.19 profit in 1Q 2021) First quarter 2022 results: US$0.94 loss per share (down from US$1.19 profit in 1Q 2021). Revenue: US$1.95b (down 13% from 1Q 2021). Net loss: US$241.0m (down 178% from profit in 1Q 2021). Over the next year, revenue is expected to shrink by 13% compared to a 32% growth forecast for the industry in Mexico. Annuncio • May 10
Ovintiv Declares Quarterly Dividend, Payable on June 30, 2022 On May 9, 2022, Ovintiv's Board declared a quarterly dividend of $0.25 per share of common stock payable on June 30, 2022, to shareholders of record as of June 15, 2022. This represents an increase of 25%, or approximately $50 million on an annualized basis, to the dividend paid in the first quarter and marks the third dividend increase in the last year. Annuncio • Apr 09
Ovintiv Inc. to Report Q1, 2022 Results on May 09, 2022 Ovintiv Inc. announced that they will report Q1, 2022 results After-Market on May 09, 2022 Board Change • Mar 30
High number of new directors President, CEO & Director Brendan McCracken was the last director to join the board, commencing their role in 2021. Recent Insider Transactions • Mar 24
Independent Director recently sold Mex$2.2m worth of stock On the 18th of March, Howard Mayson sold around 2k shares on-market at roughly Mex$981 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$4.4m more than they bought in the last 12 months. Annuncio • Feb 04
Ovintiv Inc., Annual General Meeting, May 04, 2022 Ovintiv Inc., Annual General Meeting, May 04, 2022. Board Change • Aug 12
High number of new directors There are 7 new directors who have joined the board in the last 3 years. President, CEO & Director Brendan McCracken was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 29
Independent Director recently bought Mex$2.5m worth of stock On the 24th of June, Katherine Minyard bought around 4k shares on-market at roughly Mex$632 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$4.8m more in shares than they bought in the last 12 months. Annuncio • May 21
Validus Energy completed the acquisition of Eagle Ford Assets of Ovintiv Inc. (TSX:OVV). Validus Energy entered into an agreement to acquire Eagle Ford Assets of Ovintiv Inc. (TSX:OVV) for $880 million on March 24, 2021. The agreement is subject to ordinary closing conditions, regulatory approvals and other adjustments and expected to close in the second quarter. The transaction is expected to close in May 2021. As of April 28, 2021, the transaction is expected to close before the end of the second quarter of 2021. Ovintiv Inc. will use the proceeds for debt reduction. Citigroup Inc. acted as financial advisor to Ovintiv Inc.
Validus Energy completed the acquisition of Eagle Ford Assets of Ovintiv Inc. (TSX:OVV) on May 19, 2021. BMO Capital Markets Corp. acted as financial advisor to Ovintiv Inc. Davis Graham & Stubbs LLP acted as legal advisor to Ovintiv Inc. Reported Earnings • May 03
First quarter 2021 earnings released: EPS US$1.19 (vs US$1.62 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$2.25b (up 43% from 1Q 2020). Net income: US$309.0m (down 27% from 1Q 2020). Profit margin: 14% (down from 27% in 1Q 2020).