Ovintiv (OVV) Agreed $890 Million Acquisition To Expand Its Montney Oil Position

Ovintiv (NYSE:OVV) agreed a definitive deal to acquire Logan Energy Corp., expanding its position in the Montney oil play. The transaction adds new Montney acreage and production capacity in one of Ovintiv's core operating areas. Management expects the Logan Energy acquisition to be immediately accretive and to deliver cost synergies across Ovintiv's existing Montney footprint. The Logan Energy acquisition reshapes Ovintiv's Montney profile, but the headline terms only tell part of the...