Ovintiv

OVV-T

TSE:OVV

13.70
0.79 (6.12%)
Encana Corporation produces, transports and markets natural gas, oil and natural gas liquids. It was formed in 2002 and descends from the 19th century Canadian Pacific Railway and 'Canadian Pacific Oil and Gas' in the 20th century, respectively.
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Analysis and Opinions about OVV-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 19, 2020

VET vs OVV? They are both stocks he would not own. OVV participated well on expected index buying in the US, but they are no longer able to attract US investors based on their share price. It is a non-starter for sure. VET cut the dividend and they changed management, but it will be a long road. They can't sell assets to help reduce debt and they can't raise the dividend. They are in far too many geographical areas and he thinks they have lost focus.

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Ovintiv (OVV-T)
June 19, 2020

VET vs OVV? They are both stocks he would not own. OVV participated well on expected index buying in the US, but they are no longer able to attract US investors based on their share price. It is a non-starter for sure. VET cut the dividend and they changed management, but it will be a long road. They can't sell assets to help reduce debt and they can't raise the dividend. They are in far too many geographical areas and he thinks they have lost focus.

DON'T BUY
DON'T BUY
April 3, 2020
They headed to the US to attract more investment flows. Now that their price has dropped, they do not qualify for inclusion on US indices. There are just many better names out there.
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Ovintiv (OVV-T)
April 3, 2020
They headed to the US to attract more investment flows. Now that their price has dropped, they do not qualify for inclusion on US indices. There are just many better names out there.
SELL
SELL
March 6, 2020

The company thought they would attract passive US money from investors when the changed the name from Encana and re-located to the US. Now that it is down 65% this year, it is now below the threshold to be included in the passive index. There is now no reason to own this stock at all.

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Ovintiv (OVV-T)
March 6, 2020

The company thought they would attract passive US money from investors when the changed the name from Encana and re-located to the US. Now that it is down 65% this year, it is now below the threshold to be included in the passive index. There is now no reason to own this stock at all.

DON'T BUY
DON'T BUY
February 20, 2020

Not a big lover of energy. Owns SU and CNQ in Canada. In the US, he owns no energy. It doesn't matter which side of the border you're on, energy companies are out of favour.

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Ovintiv (OVV-T)
February 20, 2020

Not a big lover of energy. Owns SU and CNQ in Canada. In the US, he owns no energy. It doesn't matter which side of the border you're on, energy companies are out of favour.

DON'T BUY
DON'T BUY
January 31, 2020
They moved out of Canada and you might see continual selling. He doesn't see any advantage in moving to the US. It needs to build a base. This was known as Encana before.
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Ovintiv (OVV-T)
January 31, 2020
They moved out of Canada and you might see continual selling. He doesn't see any advantage in moving to the US. It needs to build a base. This was known as Encana before.
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Ovintiv(OVV-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 5

Stockchase rating for Ovintiv is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Ovintiv(OVV-T) Frequently Asked Questions

What is Ovintiv stock symbol?

Ovintiv is a Canadian stock, trading under the symbol OVV-T on the Toronto Stock Exchange (OVV-CT). It is usually referred to as TSX:OVV or OVV-T

Is Ovintiv a buy or a sell?

In the last year, 5 stock analysts published opinions about OVV-T. 0 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Ovintiv.

Is Ovintiv a good investment or a top pick?

Ovintiv was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Ovintiv.

Why is Ovintiv stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Ovintiv worth watching?

5 stock analysts on Stockchase covered Ovintiv In the last year. It is a trending stock that is worth watching.

What is Ovintiv stock price?

On 2020-07-02, Ovintiv (OVV-T) stock closed at a price of $13.7.