Tag: oil & gas M&A
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Ovintiv Advances Portfolio Transformation with NuVista Energy Acquisition and Anadarko Asset Divestiture
Overview of the Announcement Ovintiv Inc. has announced a major portfolio transformation aimed at expanding scale and strengthening its high-quality oil inventory. The company has entered into an agreement to acquire NuVista Energy Ltd., alongside a planned divestiture of Anadarko assets this year. The strategic moves are designed to bolster Ovintiv’s premier Montney position while…
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Ovintiv Expands Montney Position with NuVista Energy Acquisition and Anadarko Asset Divestiture
Overview: Ovintiv’s Portfolio Transformation Accelerates Ovintiv Inc. announced a strategic portfolio transformation built on scale, quality, and geographic strength. The company has reached an agreement to acquire NuVista Energy Ltd. at an average price of approximately C$17.80 per share, signaling a major step in expanding its high-quality oil inventory. In parallel, Ovintiv outlined a planned…