Ovintiv to acquire NuVista Energy for ~$2.7B (C$3.8B) in cash/stock deal

Ovintiv Inc.

Acquisition price ~C$17.80/sh, 50% cash/50% stock; adds ~140K net acres, ~100 MBOE/d production.
Adds ~930 total net well locations; ~620 premium return locations at $55/bbl WTI.
Expected annual synergies ~$100M; transaction leverage neutral; share buyback paused for 2 quarters.
Plans to divest Anadarko assets by end-2026; proceeds for debt reduction to target <$4B net debt.
Transaction unanimously approved; expected close by end-Q1 2026, subject to approvals.

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