Ovintiv to acquire NuVista Energy in a cash and stock deal valued at $3.8B
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
U.S.-based Ovintiv Inc. has agreed to acquire NuVista Energy Ltd. in a cash and stock deal valued at $3.8 billion.
Through the terms of the deal, Ovintiv will acquire all of the outstanding shares of Calgary-based NuVista at an average price of approximately $17.80 per share.
NuVista says in a press release that the purchase price implies a 21 per cent premium.
Ovintiv, which moved its headquarters from Calgary to Denver, Colo. in 2020, says the acquisition will see it add about 100,000 barrels of oil equivalent per day from Alberta’s Montney region.
The transaction is subject to closing conditions and is expected to close by the end of the first quarter next year.
The deal is just the latest consolidation in the oilpatch, as Cenovus Energy Inc. is working to close its $8.6-billion acquisition of MEG Energy Corp.
This report by The Canadian Press was first published Nov. 4, 2025.
Companies in this story: (TSX:NVA)