What Ovintiv Does & How It Makes Money (OVV)

Updated October 2026 · reflects Ovintiv's latest reported financials

North American oil and natural gas exploration and production company. Ovintiv earns revenue by producing and marketing crude oil, natural gas liquids (NGLs) and natural gas from its U.S.

How Ovintiv makes money

Ovintiv earns revenue by producing and marketing crude oil, natural gas liquids (NGLs) and natural gas from its U.S. and Canadian acreage. Its results depend on how much it produces and on commodity prices.

What Ovintiv does

Ovintiv Inc. is an independent oil and natural gas exploration and production company based in Denver, Colorado. It explores for, develops, produces and markets oil, NGLs and natural gas. It reports two segments, USA Operations and Canadian Operations. Its main U.S. assets are in the Permian in West Texas and the Anadarko in west-central Oklahoma. In Canada it operates in the Montney play in northwest Alberta and northeast British Columbia. The company used to be called Encana Corporation and took the name Ovintiv in January 2020. Because it is an upstream producer, its earnings move closely with oil and gas prices and with how much it produces from these core basins.

Products & services

• Crude oil
• Natural gas liquids (NGLs)
• Natural gas
• Permian Basin assets
• Anadarko Basin assets
• Montney assets

What is Ovintiv worth?

On an owner-earnings DCF, Ovintiv's most-likely value is about $88 versus a recent price near $64 (37% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$66) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

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