NuVista Energy Acquired by Ovintiv in $2.7 Billion Deal

Ovintiv is acquiring NuVista Energy for $2.7 billion. NuVista is an oil and gas company focused on the Western Canadian Sedimentary Basin, with a focus on the Montney formation in Alberta. The acquisition will expand Ovintiv's presence in the region and provide access to NuVista's scalable and repeatable condensate rich Montney formation.