Ovintiv Inc. (OVV) Reports Q4 Loss Per Share of $2.36
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Ovintiv Reports Fourth Quarter and Full-Year 2020 Results, Announces Multi-Year Debt Reduction Target, Signs Agreement to Sell Duvernay and Provides Strong 2021 Outlook
February 17, 2021 5:30 PM ESTYear-end 2020 debt reduced nearly $500 million from mid-year 2020 2021 debt reduction target increased 25% to $1.25 billion including second half 2020 Multi-year debt target issued: $4.5 billion of total debt by year-end 2022 Company signs agreement to sell its Duvernay asset for $263 million Company generated significant non-GAAP Free Cash Flow for third consecutive year Strong well performance and realized prices combined with lower cash costs drive cash flow beat with lower-than-expected capital investments 2021 capital investment plan of $1.5 billion expected to generate ~$1 billion of non-GAAP Free Cash... More
