Neil Mehta's questions to Ovintiv Inc (OVV) leadership • Q3 2024
Question
Neil Mehta of Goldman Sachs asked how Ovintiv is shaping its business to maximize the value of its natural gas production, given pricing challenges. He also inquired about the potential monetization of the Uinta asset and any related process.
Answer
Executive Brendan McCracken explained their strategy focuses on basin diversification and securing egress to move gas away from challenged hubs like AECO and Waha, noting new Permian capacity coming online next year. Regarding the Uinta, he stated that while they always evaluate the portfolio, the asset's margins are now competitive and it is delivering strong returns.