Ovintiv Inc. (OVV): announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

4 Apr 2023capital raising announcement▲ GoodMajor

Agreed to acquire Permian Basin upstream and midstream assets from EnCap Investments-backed Black Swan Oil & Gas, PetroLegacy II and Piedra Energy III/IV for $3.125 billion cash plus about 32.6 million Ovintiv shares — a major deepening of its core Permian position.

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