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Ovintiv Makes Second Montney Acquisition in a Year
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Why This Matters
Ovintiv is acquiring NuVista Energy for $2.7 billion, which will enhance its production capacity by adding 100,000 barrels of oil equivalent daily. This acquisition is expected to strengthen Ovintiv's position in the Montney shale play and provide opportunities for further expansion.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
Article Context
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Ovintiv will take over NuVista Energy, in which it is already a shareholder, in a deal worth $2.7 billion including debt. NuVista operates in the Montney shale play in Canada. The deal would add some 100,000 barrels daily of oil equivalent to Ovintiv’s total production, the buyer said in a news release. The company added that the NuVista acquisition will also provide it with a basis for further expansion in the Montney shale by giving it access to “strategic processing infrastructure and downstream capacity.” A year ago, Ovintiv…
Original article published by
OilPrice.com
on November 5, 2025.
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Analysis and insights provided by AnalystMarkets AI.