Ovintiv Inc.: How Are They Progressing With Their Strategic Asset Optimization! 

Ovintiv’s first quarter of 2024 showcases a positive momentum, achieving net earnings of $338 million and generating substantial free cash flow of $444 million. The company’s performance exceeded its initial targets, with cash flow per share standing at $3.80, surpassing consensus estimates. Encouraged by strong productivity and an advantageous oil price environment, Ovintiv raised its production guidance for the full year to about 206,000 barrels per day for oil and condensate, maintaining its capital expenditure forecast at $2.3 billion.