NuVista Energy Acquisition by Ovintiv Approved by Canadian Government
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: PRnewswire
- Transaction Approval: The Canadian government has approved Ovintiv's acquisition of NuVista Energy through its wholly-owned subsidiary Ovintiv Canada ULC, marking a significant milestone in the acquisition process under the Investment Canada Act.
- Shareholder Support: NuVista shareholders voted in favor of the transaction on January 23, 2026, reflecting investor confidence in the acquisition, which is expected to enhance Ovintiv's competitive position in the Canadian market.
- Court Ruling: The Court of King's Bench of Alberta has granted the Final Order for the transaction, ensuring legal compliance and reducing potential legal hurdles, thereby accelerating the completion of the deal.
- Expected Closing Date: The transaction is anticipated to close around February 3, 2026, subject to the satisfaction or waiver of other customary closing conditions, which will provide Ovintiv with greater market share and resource integration opportunities.
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Analyst Views on OVV
Wall Street analysts forecast OVV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OVV is 51.00 USD with a low forecast of 42.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
13 Buy
4 Hold
0 Sell
Strong Buy
Current: 42.760
Low
42.00
Averages
51.00
High
56.00
Current: 42.760
Low
42.00
Averages
51.00
High
56.00
About OVV
Ovintiv Inc. is an oil and natural gas exploration and production company that is focused on developing its multi-basin portfolio of assets located in the United States and Canada. Its operations include the marketing of oil, natural gas liquids (NGLs) and natural gas. Its segments include USA operations and Canadian Operations. USA Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within Canada. Its assets include Anadarko Basin, Montney, and Permian Basin. Anadarko is a liquids-rich play located in west-central Oklahoma in Blaine, Canadian, Custer, Dewey, Garvin, Grady, Kingfisher, McClain and Stephens counties. Montney is a condensate and natural gas play located in northwest Alberta and northeast British Columbia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Ovintiv Appoints Gregory P. Hill as Independent Board Member
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