Bullish Case: OVV’s resilient performance, evidenced by higher-than-expected recent earnings and robust hedging against natural gas price volatility, alongside significant institutional investment, suggests strong upward momentum.


Bearish Case: Persistent insider selling, reduced earnings forecasts, and substantial long-term depreciation reveal deep-rooted challenges that could hinder OVV's growth and profitability.


Potential Outcomes:

1. Natural gas hedging shields OVV, boosting stability (60%).

2. Insider selling causes short-term price dip (30%).

3. Earnings underperformance due to market challenges (10%).


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April 27, 2024


Ovintiv Forecast

OVV        Ovintiv
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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