Ovintiv | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Ovintiv is a leading North American energy producer focused on developing its multi-basin portfolio of oil, natural gas liquids,...
Ovintiv is a leading North American energy producer focused on developing its multi-basin portfolio of oil, natural gas liquids, and natural gas producing plays. The company, based in Denver, Colorado, was formed in 2020 through a restructuring of its predecessor, Encana. Ovintiv emphasizes innovation and sustainability in its operations, contributing to various sectors including healthcare and education.
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🛍️ Ovintiv Product and Pricing News →
👔 Ovintiv CEO, Management and Leadership Team →
⚔️ Ovintiv Alternatives and Competitors →
💼 Ovintiv Hiring and Layoffs →
🤖 Ovintiv Developer, Integration and Automation News →
📈 Ovintiv Financials, Fundraising and Valuation News →
🛍️ Ovintiv Product and Pricing News
- Kim Williams, Vice President & GM Canadian Operations at Ovintiv, highlighted the importance of the upcoming CEEA event on February 20th for industry executives and young professionals.
- Kim Williams, VP and GM of Canadian Operations at Ovintiv, appeared on the ExperienceYes podcast to discuss leadership strategies and team building after organizational changes.
- On February 12, 2025, a report by Stock Traders Daily highlighted trading strategies and risk management practices for Ovintiv, recommending a buy near 63.55 with a stop loss at 63.23.
- On February 11, Ovintiv's Senior Community Relations Advisor Sierra Faiola participated in the opening puck drop ceremony at Minor Hockey Night, supporting the Grande Prairie Storm's 4-1 victory.
- On February 6, Ovintiv hosted a Power Hour event to support the Alberta Children's Hospital Foundation, pledging an additional $15,000 if donation targets were met.
- Ovintiv, a Denver-based oil company, could be significantly impacted by potential retaliatory tariffs from Canada, as it relies on the Canadian market for over 10% of its revenue.
👔 Ovintiv CEO, Management and Leadership Team
⚔️ Ovintiv Alternatives and Competitors
- Woodside Energy Group |
- Cenovus Energy |
- Chesapeake Energy |
- Coterra Energy |
- Pembina Pipeline |
- Ecopetrol |
- YPF Sociedad Anónima |
- Antero Resources |
- Permian Resources |
- Hess Midstream |
- Helmerich & Payne |
- Continental Resources |
- EOG Resources |
- Noble Energy |
- Imperial Oil |
- ARC Resources |
- Husky Energy |
- Paramount Resources |
- XTO Energy |
- Murphy Oil Corp |
- Diamondback Energy |
- Amplify Energy |
- Contango |
- Callon
💼 Ovintiv Hiring and Layoffs
- Ovintiv appointed Terri G King, a former ConocoPhillips manager, as an independent board member effective January 31, 2025.
- Ovintiv is hiring for the position of E&I Construction Coordinator, as announced by Clay Perry, Manager of Construction.
- Matt Cooley is leaving Ovintiv as Senior Manager - Drilling and Completions to join Validus Energy as Drilling Superintendent in the United States.
🤖 Ovintiv Developer, Integration and Automation News
- Ovintiv collaborated with ResFrac to use machine learning and simulation models to predict well performance in the Midland Basin.
📈 Ovintiv Financials, Fundraising and Valuation News
- On February 26, 2025, Ovintiv filed its audited annual financial statements and annual report on Form 10-K, along with certifications of annual filings by the CFO and CEO.
- Ovintiv reported $1.1 billion in full-year net earnings for 2024 despite a fourth-quarter net loss and plans to bring nearly 35 new wells online in Oklahoma in 2025.
- Ovintiv's stock has underperformed compared to Coterra Energy over the past six months, with Coterra's stock rising 16%.
- Ovintiv's shares are underperforming with a low P/E ratio of 5.6x due to a projected 27% earnings decline next year, contrasting with the market's expected 15% growth.
- Ovintiv's NYSE stock price increased to $43.27 with a market cap of $11.3B, and TSX stock price rose to $61.44 with a market cap of $16.0B.
- Ovintiv's stock price increased by 158% over the last five years, with a total shareholder return of 200% due to dividend payments, despite a recent 3.1% drop in the past week.
- On January 22, 2025, Ovintiv closed the $2 billion sale of its Uinta assets in Utah to FourPoint Resources, LLC.
- Ovintiv's 2024 non-GAAP free cash flow increased by approximately 50% year-over-year.
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