other material
confidence high
sentiment positive
materiality 0.55
Ovintiv renews NCIB to buy back up to 25.9M shares (~10% of float)
Ovintiv Inc.
- TSX approved NCIB to purchase up to 25,920,545 common shares from Oct 3, 2024 to Oct 2, 2025.
- Daily TSX purchases limited to 27,639 shares; NYSE purchases comply with Rule 10b-18 volume limits.
- Ovintiv renewed its ASPP to allow purchases during blackout periods via designated broker.
- Prior NCIB (Oct 2023–Sep 2024): Ovintiv bought 12.7M shares at US$46.44 weighted avg price.