Ovintiv to acquire Nuvista Energy for $2.7bn.

Ovintiv, an American petroleum company, agreed to acquire Nuvista Energy, a Canadian oil and natural gas exploration and production company, for $2.7bn. “We are very excited about this strategic transaction with Ovintiv and its unique opportunity for synergy realization that will maximize the value of NuVista’s top-tier Montney acreage. I am extremely proud of the NuVista team who have contributed to the successful delineation and growth of our asset base that positioned us to deliver this outcome for our shareholders. Our team has been critically focused on generating best-in-class returns for our shareholders and this transaction will provide exposure to a complementary portfolio of assets in Ovintiv that share the same quality and longevity to ours,” Mike Lawford, NuVista President and CEO.