FourPoint Resources, Quantum Capital Group and Kayne Anderson to Acquire Ovintiv Uinta Basin Assets for $2 BillionDENVER and HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FourPoint Resources, LLC (“FourPoint”), together with their partners Quantum Capital Group (“Quantum”) and Kayne Anderson, announced today the signing of a purchase and sale agreement to acquire Ovintiv Inc.’s (NYSE, TSX: OVV) Uinta Basin assets for a purchase price of $2.0 billion in cash. The asset includes 126,000 net acres and production of 29 Mbbls/d.
2 Canadian Mid-Cap Dividend Payers Energized For GrowthTwo mid-cap Canadian energy oil-and-gas companies, Crescent Point Energy and Ovintiv, gapped higher in early April. Both are set to grow through acquisition.
Ovintiv Inc. (OVV) Climbs to Annual-High Share PriceShares of Ovintiv Inc. (
NYSE:OVV) traded today at $56.31, eclipsing its 12-month high. Approximately 555,000 shares have changed hands today, as compared to an average 30-day volume of 4.9 million shares.
