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Ovintiv ( (OVV) ) just unveiled an update.
On January 22, 2025, Ovintiv Inc. announced the completion of its $2 billion sale of Uinta assets in Utah to FourPoint Resources, LLC, marking a strategic move to enhance value from non-core assets. The divestiture aligns with Ovintiv’s strategy to focus on core areas, and the company anticipates closing its acquisition of Alberta Montney assets from Paramount Resources Ltd. by the end of the first quarter.
More about Ovintiv
Ovintiv Inc. operates in the oil and gas industry, focusing on the exploration and production of energy resources. The company aims to optimize its asset portfolio by divesting non-core assets and expanding its core inventory.
YTD Price Performance: 9.13%
Average Trading Volume: 2,861,854
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $11.82B
For a thorough assessment of OVV stock, go to TipRanks’ Stock Analysis page.
