Ovintiv (OVV) Stock Looks About Right Despite The $890 Million Logan Deal

Ovintiv has delivered a powerful share price run over the past few years, and the latest leg higher has put its earnings firmly under the microscope. With the stock now changing hands at US$72.55 after a series of strong multi year returns, the question is how well that price lines up with what the business earns today. Ovintiv has returned 114.2% over the past 5 years, which puts a lot of weight on whether its current earnings can carry that kind of performance story. The planned US$890...