OVV 📈 Ovintiv - Overview

Ovintiv Inc. is a leading energy company that engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids across the United States and Canada. The company's operations are segmented into three main categories: USA Operations, Canadian Operations, and Market Optimization, allowing for a diversified approach to its energy portfolio. Its core assets are situated in prominent regions, including the Permian basin in west Texas, known for its rich oil reserves, and the Anadarko basin in west-central Oklahoma, which offers significant natural gas and oil resources.

In addition to its US-based operations, Ovintiv Inc. has a substantial presence in Canada, with key assets located in the Montney region of northeast British Columbia and northwest Alberta. This area is recognized for its vast natural gas reserves and liquids-rich natural gas. Further expanding its upstream assets, the company has interests in the Bakken formation in northwest North Dakota, known for its high-quality oil, and the Uinta basin in central Utah, which provides access to oil and natural gas resources. Moreover, the Horn River basin in northeast British Columbia is another significant area of operation, offering substantial natural gas reserves.

Following a rebranding effort, the company formerly known as Encana Corporation adopted the name Ovintiv Inc. in January 2020, marking a new chapter in its history. Incorporated in 2020 and headquartered in Denver, Colorado, Ovintiv Inc. continues to focus on its mission to deliver value through its energy operations. For more information, the company's official website can be accessed at https://www.ovintiv.com. With its common stock listed under the ISIN US69047Q1022 and classified under the GICS Sub Industry: Oil & Gas Exploration & Production, Ovintiv Inc. is a notable player in the energy sector, committed to exploring, producing, and marketing energy resources in a responsible and efficient manner.