Ovintiv Sees FY24 Capital Program $2.2B-$2.4B; Expected To Deliver Total Production Volumes 545 MBOE/d To 575 MBOE/d
Portfolio Pulse from Benzinga Newsdesk
Ovintiv projects its FY24 capital program to be between $2.2B-$2.4B, aiming to achieve total production volumes of 545 MBOE/d to 575 MBOE/d.
February 27, 2024 | 11:12 pm
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POSITIVE IMPACT
Ovintiv's FY24 capital program is set between $2.2B-$2.4B, with expected production volumes of 545 MBOE/d to 575 MBOE/d.
The announcement of a defined capital program and production targets for FY24 indicates a clear strategic direction for Ovintiv. This clarity and the ambitious production targets are likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100