Story perspectives
Ovintiv to Acquire NuVista for $2.7 Billion Deal
11/5/2025
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Story summary
- Ovintiv Inc. will acquire NuVista Energy Ltd.
- The deal values NuVista Energy Ltd. at about $2.7 billion including debt.
- Ovintiv will pay C$18.00 per NuVista share, representing a 5.6% premium.
- The acquisition will add about 140,000 net acres and 930 well locations in Canada's Montney basin.
- Closing is expected by the end of 2026 after Ovintiv pauses its share buyback program for two quarters to finance the deal.
