Ovintiv: Unwinding the Mess Created Under Suttles' Leadership

Ovintiv Inc. has been working to unwind the mess created under former CEO Doug Suttles, who prioritized multi-basin diversification and scale at all costs. Two major steps remain to achieve this goal. The company has made progress in shedding non-core assets and refocusing on its core assets in the Montney and Denver-Julesburg basins. Ovintiv's new CEO has emphasized the importance of discipline and capital efficiency, which should help the company achieve its goal of becoming a more focused and efficient operator.