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Ovintiv Inc. (OVV)

NYSE - Nasdaq Real-time price. Currency in USD
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43.84-0.35 (-0.79%)
At close: 04:00PM EDT
44.00 +0.16 (+0.36%)
After hours: 07:49PM EDT
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  • p
    peter
    Not sure why we have lost $20 dollars of share price in last month??? Unbelievable. OVV is financially lean and mean and upside is huge so recent share price decrease is really suprising?? I am long and will stay long.
  • J
    John
    UPGRADE: JP Morgan: Neutral to Overweight..
    Looking at this stock, I am having a hard time understanding why people are not piling in at the current prices. Next few earnings reports will be exceptional based on oil prices at current levels which I think may still move upward.
    Are people trading in and out vs. buying for longer term appreciation? Eric Nuttall, partner and senior portfolio Manager at Ninepoint Partners said that the current energy prices are all on sale and that investors should be buying based on the current valuations and that they will not remain this cheap for very long. Soon, many of the energy producers will be increasing their dividends further with all the cash they will be bringing in. We calls this a "Cash Cow". Would like to hear your opinion...is he right? Are you a buyer or seller at these levels? I ask because people seem to be giving their stocks away at these prices causing the stock to move sideways in the last ten trading days.
  • J
    John
    For all you investors out there, here is some inforation that I think may have to want to hold on to your positions for the longer term. I am hoping we soon see new highs as the energy sector will continue to hold strong despite all the short term advocates of cleaner energy. Oil will continue to be in demand until we get better technology for autos, trains, planes, etc.

    Ovintiv Inc is a company in the U.S. stock market and it is a holding in 103 U.S.-traded ETFs. OVV has around 25.8M shares in the U.S. ETF market. The largest ETF holder of OVV is the iShares Russell 2000 ETF (IWM), with approximately 5.76M shares. Investors may also find of interest that the ETF with the largest allocation to OVV stock is Invesco DWA Energy Momentum ETF (PXI), with a portfolio weight of 4.01%. On average, U.S. ETFs allocate 0.50% of OVV to their portfolios.

    Additionally, OVV is a favorite stock for Vanilla and Multi-factor ETFs. It is also most likely to belong to Broad-based ETFs. The best-performing ETF in the past 12 months with OVV as a holding is the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), with a return of 141.81%.
  • J
    John
    Weak conviction in the stock is what is driving this stock lower. I guess the day traders are going in trying to make a few dollars trading this throughout the day vs. buying and holding. Less sellors, the quicker the stock gets back to where it should be trading given the oil and gas prices, still at nice levels. You are starting to see bigger purchases now at these levels. I'm sure we are not going to see it stay here for long. Good luck to all those who have suffered the pain of this stock going from a recent high of $79 down to $56. Patients will get rewarded!
  • J
    John
    As earnings approach on July 25, we are expecting good numbers coming from OVV. This is the time to accumulate!!! We are seeing that more supply is not coming anytime soon. With the tax holiday on gas in the U.S. for a short period, will only push demand higher during the summer months when people want to get out and travel. This is NOT a time to sell / give away your shares!!! I am anticipating new high's coming in the next few quarters. Would like to know how many of you agree with my current assessment and agree.
  • s
    stroppel
    This site just sent me a 68% winner. (http://traderspot.club)
  • m
    m
    Bought some more today. Haven’t made moves for a while so expect another 20% drop knowing my luck
  • J
    John
    June 30, 2022 2:30pm
    Markets are forward thinking. I believe we are at/near the bottom of the market, and as we head into the second half of the year, we will see a rebound in many of the beaten down sectors. Energy companies are one of the bright spots as current market prices are much higher than the cost to extract. Next few quarters will show record gains in bottom line revenue, propelling the share price to normal valuations. This is a great buying opportunity for those who have cash sitting on the sidelines. Today, markets have already come off their lows substantially in the U.S. The Canadian markets have come back a little but are still down considerably for the day.
    Would enjoy hearing other opinions as these are my own and do not constitute financial advice. Seek a qualifies investment professional who knows who you are and your risk objectives. No guarantee of performance, past performance is not indicative of future performance.
  • J
    John
    Been looking for a reason why OVV has had such a pullback last few days. I know oil has pulled back but not to the same level. Huge profits to be made even at current prices. Next earnings release should be great, so why are people selling their positions? Even earnings estimates are increasing with new higher targets. Any comments appreciated.
  • C
    Citizen
    $AR conversation
    At this point you got to invest for the coming increasing shareholder yield. The market is just trading on sentiment which while unsettling is divorced from fundamentals where the oil and gas names are concerned.
    $CHK $AR $LPI $CPE $ESTE $OVV $FANG $EOG $DVN $PDCE All of these names currently trading as if long term oil and gas will be 60$ and 3$ respectively ......
  • C
    Citizen
    $ESTE conversation
    This is trading for less than PV10 PDP value at 70/3 oil and gas price .....All the price upside and future drilling locations you get for free when buying here ..... Same is true for $LPI $OVV $PDCE
  • J
    John
    Despite recent calls for profit legislation to the oil industry, energy prices will remain to stay high for the remainder of the year. Many of the energy companies will continue to make record profits and should reward shareholders and many of the funds and pensions holding their shares which will continue to contribute to those who hold those in their portfolio's. Some analysts continue to increase the price targets of OVV. Based on the current price after the drop in the sector last week, we are seeing a huge opportunity for those who did not get the allocation they wanted for their portfolios. This is a chance to add to your positions now before we head back to the high's we recently seen.
  • D
    Douglas
    By removing the gas tax for 3 months, this will just keep pressure on supply.
  • J
    John
    This should pop in the next few days as oil supplies continue to hold tight and world markets try to keep up to demand with travel opening up. All this talk about the U.S. giving a tax holiday does nothing but push demand higher. Yes, people are complaining, but making it cheaper is like saying we are going to lower the interest cost on borrowing to curb inflation.
  • A
    Alex
    In Q1/22 OVV had $592mil free cash flow after taking $448mil in realized hedging losses. So, after hedges roll off in Q1/23 they will be printing $1.2bil to $1.5bil in quarterly FCF at these prices. With a market cap of only $12bil you can do the math.
  • J
    John
    Oil is down, but inventories remain weak. All this talk about a tax reduction is only a limited time break from taxes. Inflation fears will subside in the following months are interest rates rise...in fact we may be seeing a pullback on the consumers right now as people are bracing for further rate hikes. The fed always overshoots and because they are backward looking, the always tighten more than they should, which then leads to a real slowdown on the economy and possibly a recession. Oil will remain above $100 mark in my opinion. If it does break down below that level, it will be short lived. The one good think we should all remember is that even at these current levels, companies are making money. Share prices will have to reflect the amount of profits the energy companies will be making, and still at these levels, they should be muck higher. If you did not buy as these pullback have happened, you might just miss your opportunity. Just my rant for today. Good luck to all the longs.
  • D
    Douglas
    39M Shares traded today? Is that a mistake? Did someone just take a massive position today?
  • b
    bogo
    What effect will the windfall profit legislation have on OVV? Can we possibly reach the targets if this passes?
  • J
    John
    If China does to Taiwan what Russia did to Ukraine, we could see energy prices go up dramatically over the next few months. Reports already show that China is seriously considering its options as the rest of the world is focused on Putin's war in Ukraine and inflation concerns in their respective countries. This should be good for OVV for those that are long. Just my take after reading commentary on China.
  • J
    John
    Tuesday should be a nice catch up day for OVV with the Juneteenth public holiday in the U.S. I hope with the larger market in the U.S. tomorrow we see huge volume to the upside to get back to where we were just over a week ago in the high $70's. This has been a very volatile market in the last couple weeks. Now that we might see a pause with the Feb bank rates for at least a month to see the effects, I am hoping we get to trading at the same levels as other energy stocks. Current multiple is about 5x where as others in the sector are trading at 7-8x earnings.