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BRIEF-Ovintiv Strengthens Portfolio With Core Oil-Rich Montney Asset Acquisition
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BRIEF-Ovintiv Strengthens Portfolio With Core Oil-Rich Montney Asset Acquisition
Nov 15, 2024 12:41 PM

Nov 14 (Reuters) - Ovintiv Inc ( OVV ):

* OVINTIV STRENGTHENS PORTFOLIO WITH CORE OIL-RICH MONTNEY

ASSET

ACQUISITION

* OVINTIV INC ( OVV ) - TO ACQUIRE MONTNEY ASSETS FOR $2.377 BILLION

* OVINTIV INC ( OVV ) - TO SELL UINTA BASIN ASSETS FOR $2 BILLION

* OVINTIV INC ( OVV ) - COMBINED TRANSACTIONS TO INCREASE 2025 FREE

CASH

FLOW BY $300 MILLION

* OVINTIV INC ( OVV ): TEMPORARILY PAUSED ITS SHARE BUYBACK PROGRAM

* OVINTIV INC ( OVV ): BASE DIVIDEND IS EXPECTED TO REMAIN UNCHANGED

* OVINTIV INC OUTLOOK 2025 TOTAL VOLUMES OF APPROXIMATELY

620

MBOE/D

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