Are their Nova Scotia assets holding back share price? It's very much a U.S. company now and are doing well. They're one of the best producers in the Permian Basin. Has good growth ahead. Pays a modest dividend though the PE is reasonable. Their offshore Nova Scotia assets are hard to read.
Are their Nova Scotia assets holding back share price? It's very much a U.S. company now and are doing well. They're one of the best producers in the Permian Basin. Has good growth ahead. Pays a modest dividend though the PE is reasonable. Their offshore Nova Scotia assets are hard to read.
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.
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.
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.
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.
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.
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 4
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
In the last year, 4 stock analysts published opinions about OVV-T. 1 analyst recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Ovintiv.
Ovintiv was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Ovintiv.
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.
4 stock analysts on Stockchase covered Ovintiv In the last year. It is a trending stock that is worth watching.
On 2021-05-13, Ovintiv (OVV-T) stock closed at a price of $30.08.
