Ovintiv (OVV) Considers Divesting Uinta Basin Operations
OVVOvintiv(OVV) ZACKS·2024-08-22 21:16

Ovintiv Inc. (OVV) , a leading oil and gas exploration and production company based in Denver, is reportedly considering a sale of its operations in the Uinta Basin. According to Bloomberg, the transaction could fetch up to $2 billion. The company is currently working with an adviser to gauge buyer interest in the asset, signaling a strategic move that could reshape its portfolio.Let’s delve into the details of the potential sale, the importance of the Uinta Basin assets and the broader implications for OVV ...