Ovintiv Inc. faces turbulent times due to global oil market concerns, but its long-term prospects appear bright as demand for liquefied natural gas rises.
BMO Capital has upgraded Ovintiv’s stock rating, predicting a bright future for the company due to its debt reduction plan and potential share buybacks.
Ovintiv Inc has agreed to acquire the majority of Paramount’s production in Alberta’s Montney region, marking a significant shift in the region’s energy landscape.
Ovintiv Inc’s recent sale of key properties to Paramount Resources Ltd. could be a catalyst for growth and a buying opportunity for investors in the energy sector.