Overview
- Consideration totals C$18.00 per NuVista share paid 50% in cash and 50% in Ovintiv stock, valuing the company at about C$3.8 billion (US$2.7 billion).
- NuVista shareholders may elect cash, Ovintiv shares, or a mix subject to proration, and are expected to own roughly 10.6% of the combined company.
- Completion is expected by end of Q1 2026 pending NuVista shareholder, court, and regulatory approvals under customary Canadian processes.
- The deal adds approximately 140,000 net Alberta Montney acres (about 70% undeveloped), around 930 net 10,000‑foot equivalent well locations, and an estimated 100 MBOE/d in 2026 production.
- Ovintiv projects about $100 million in annual synergies and immediate accretion, and it will pause share buybacks and initiate an Anadarko asset sale targeting year‑end 2026 to drive net debt below $4 billion.