Ovintiv acquisition of NuVista Energy earns Investment Canada Act approval
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CALGARY – U.S.-based Ovintiv Inc.’s bid to acquire NuVista Energy Ltd. has received approval under the Investment Canada Act.
In a news release on Wednesday, the companies say the transaction is now expected to close around Feb. 3, subject to other customary conditions.
Last week, shareholders of the Calgary-based company voted to approve the transaction.
That same day, the companies announced the deal had also received a final order from an Alberta court.
Ovintiv agreed to acquire NuVista in a cash and stock deal valued at $3.8 billion in November of last year.
Ovintiv, which moved its headquarters from Calgary to Denver, Colo. in 2020, noted at the time that the acquisition will see it add about 100,000 barrels of oil equivalent per day from Alberta’s Montney region.
This report by The Canadian Press was first published Jan. 28, 2026.
Companies in this story: (TSX:NVA)