Ovintiv Secures LNG Export Deal with Pembina
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Ovintiv Inc. announced a 12-year agreement with Pembina Pipeline Corporation for 0.5 million tonnes per annum of liquefaction capacity at the Cedar LNG facility. This deal allows Ovintiv to export LNG from Canada’s west coast, providing access to Asian markets and supporting global energy security and emissions reductions. Analysts rate OVV stock as a Buy with a $55.00 price target, though Spark’s AI Analyst rates it Neutral due to high valuation metrics and uncertainties related to asset sales and share buyback pauses.
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