Ovintiv Inc

TSX:OVVCanadaView on NYSE

By Jinjoo Lee

Canada's oil sands were once the high-cost, dirty and unloved sibling to America's fast-growing shale. Not any more.

Oil-sands producers have been among the top performing companies in the energy sector over the past year. Shares of the four largest Canadian oil-sands producers by market capitalization have gained an average of 37% over the past 12 months, outpacing an index of the largest U.S. energy companies by 19 percentage points. Two of those companies -- Canadian Natural Resources and Imperial Oil -- now fetch higher valuation multiples on some measures than U.S. supermajor Chevron.

06:02 AM EDT, 06/14/2024 (MT Newswires) -- Ovintiv (OVV) has an average rating of outperform and price targets ranging from $52.74 to $71, according to analysts polled by Capital IQ. (MT Newswires covers equity, commodity and economic research from ...