MiningNewsBreaks – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) to Acquire NuVista Energy (TSX: NVA) in C$3.8 Billion Transaction, Expanding Core Alberta Montney Footprint

This article has been disseminated on behalf of Ovintiv Inc. and may include paid advertising. 

Ovintiv (NYSE: OVV) (TSX: OVV) has entered into a definitive agreement to acquire all outstanding shares of NuVista Energy Ltd. (TSX: NVA) in a cash-and-stock transaction valued at approximately $2.7 billion (C$3.8 billion), including C$300 million in net debt and Ovintiv’s existing 9.6% NuVista ownership. The deal, priced at an average of about C$17.80 per NuVista share, will add roughly 140,000 net acres—70% undeveloped—and 100 thousand barrels of oil equivalent per day (MBOE/d) in Alberta’s oil-rich Montney formation. Ovintiv expects the acquisition to contribute approximately 930 total net well locations, $100 million in annual synergies, and immediate Non-GAAP Free Cash Flow accretion of about 10%.

President and CEO Brendan McCracken said the acquisition delivers “top decile rate of return assets in the heart of the Montney oil window at an attractive price,” citing NuVista’s strong well performance, strategic infrastructure, and gas diversification as key benefits. Ovintiv plans to fund the cash portion through existing liquidity and a term loan, temporarily pausing share buybacks for two quarters while maintaining its base dividend. The company also announced plans to divest its Anadarko Basin assets in 2026, using proceeds to accelerate debt reduction toward a Non-GAAP Net Debt target of $4 billion by year-end 2026.

To view the full press release, visit https://ibn.fm/BdKGc

About Ovintiv Inc.

Ovintiv is a leading North American energy producer focused on developing its multi-basin portfolio of oil, natural gas liquids and natural gas producing plays.

More information is available on the company’s website at https://www.ovintiv.com/

About MiningNewsWire

MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

MNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.MiningNewsWire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer

MiningNewsWire
Austin, Texas
www.MiningNewsWire.com
512.354.7000 Office
Editor@MiningNewsWire.com

MiningNewsWire is powered by IBN