US EditionNuVista Energy Enters Into Agreement to be Acquired by Ovintiv
NuVista shareholders receive a 21% premium in a $3.8 billion cash and stock deal, gaining exposure to Ovintiv's broader North American assets and operational synergies.
- On Nov. 4, 2025, U.S.-based Ovintiv Inc. announced an agreement to acquire Calgary-based NuVista Energy Ltd. in a $3.8 billion cash-and-stock deal by a plan of arrangement under the Alberta Business Corporations Act.
- The NuVista Board of Directors approved the Process after Peters & Co. provided a verbal Fairness Opinion supporting the strategic review launched in August 2025.
- The deal offers $18.00 per NuVista Share in cash or 0.344 Ovintiv Shares, with an average price of approximately $17.80 per share and a 21% premium, NuVista says.
- The consideration gives shareholders near-term liquidity plus equity upside with a 50% cash / 50% Ovintiv Shares mix, 10.6% aggregate ownership of Ovintiv post-Transaction, and a US$1.20 annualized dividend per Ovintiv Share.
- The Transaction requires NuVista Shareholder, court, and regulatory approvals, including under the Competition Act and Investment Canada Act, with closing expected by next year after the NuVista Meeting, and Ovintiv says it will add about 100,000 boe/d from Montney.
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12 Articles
Ovintiv Acquires Canada's NuVista Energy for $2.7B
Gibson Dunn, Paul Weiss and Vinson & Elkins were among the firms advising on the deal that complements Ovintiv's assets on both sides of the border; in the Permian as well as Canada's Montney Basin in northwestern Alberta and beyond. The post Ovintiv Acquires Canada’s NuVista Energy for $2.7B appeared first on The Texas Lawbook.
Ovintiv Completes Portfolio Transformation with Agreement to Acquire NuVista Energy Ltd. and Planned Divestiture of Anadarko Assets - Energy News, Top Headlines, Commentaries, Features & Events
Transaction Adds Scale and High-Quality Oil Inventory to Ovintiv’s Premier Montney Position Highlights: Agreement reached to acquire NuVista Energy Ltd. at an average price of approximately C$17.80 per share, or total consideration of approximately $2.7 billion (C$3.8 billion) Acquisition is expected to add approximately 140,000 net acres and approximately 100 thousand barrels of oil equivalent per day (“MBOE/d”) in the core of ...
ovintiv.com
Ovintiv Completes Portfolio Transformation with Agreement to Acquire NuVista Energy Ltd. and Planned Divestiture of Anadarko Assets
Transaction Adds Scale and High-Quality Oil Inventory to Ovintiv's Premier Montney Position Highlights: Agreement reached to acquire NuVista Energy Ltd. at an average price of approximately...
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