Ovintiv Inc. has agreed to acquire NuVista Energy Ltd. in a stock-and-cash transaction. Under the terms of the agreement, Ovintiv will issue approximately 29.98 million Ovintiv shares and pay US$1.13 billion in cash for the NuVista shares not already owned by Ovintiv or its affiliates. To fund the acquisition, Ovintiv will draw on its lending arrangements and has also issued US$212 million under its commercial paper program for a separate private purchase of NuVista shares. Additionally, Ovintiv plans to divest its Anadarko assets in early 2026, with proceeds expected to be used to reduce debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ovintiv Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-328926), on December 22, 2025, and is solely responsible for the information contained therein.