Ovintiv To Acquire Logan Energy For C$1.40/Share In Cash In ~C$1.26B ($890M) Transaction; Expected To Add ~266K Net Acres And ~20Kboe/d In Oil-Rich Portion Of Montney Shale
Ovintiv Inc. (NYSE:OVV) (TSX:OVV) ("Ovintiv" or the "Company") and Logan Energy Corp. ("Logan") (TSXV:LGN) today announced that they have entered into a definitive agreement whereby Ovintiv will
Share
Why It Matters
Ovintiv is buying Logan Energy for about 890 million dollars. This gives Ovintiv more land and oil production in Canada.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.