other_material
confidence high
sentiment neutral
materiality 0.35
Ovintiv renews NCIB to buy back up to 22.3M shares over 12 months
Ovintiv Inc.
- TSX approved buyback of up to 22,287,709 common shares (10% of public float) from Oct 3, 2025 to Oct 2, 2026.
- Prior NCIB (Oct 2024–Sep 2025): purchased 7,836,011 shares at weighted avg price US$38.80.
- Daily TSX purchase limit set at 46,314 shares based on six-month ADTV of 185,256 shares.
- Renewed automatic share purchase plan to continue buybacks during blackout periods.
- Buyback aligns with capital allocation framework returning at least 50% of post-dividend free cash flow.
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