Recent Updates — OVV

Ovintiv has entered into a definitive Arrangement Agreement to acquire all outstanding shares of Logan Energy Corp. in an all-cash transaction offering C$1.40 per Logan Common Share. The deal values Logan at approximately $890 million, including the assumption of net debt. Ovintiv will acquire Logan's assets in the Montney oil window, adding roughly 266,000 net acres and approximately 20 thousand barrels of oil equivalent per day in production. The transaction is expected to close early in the first quarter of 2027, subject to shareholder, court, and regulatory approvals. Ovintiv anticipates the acquisition will be immediately accretive to cash flow per share and generate annual cost synergies of approximately $60 million. Ovintiv operates as an independent oil and gas exploration and production company focused on unconventional resources in North America.

Ovintiv Inc. reported second quarter 2026 results, generating $1.6 billion in cash from operating activities and $682 million in Non-GAAP Free Cash Flow. The company closed the sale of its Anadarko assets for approximately $2.82 billion. The Board of Directors declared a quarterly dividend of $0.30 per share, payable on September 29, 2026, to holders of record as of September 15, 2026. Ovintiv Inc. is an energy company that focuses on oil and natural gas production and exploration.