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Ovintiv Inc. (DE)
Long
Updated

Hated Deep Value Play (long term)

236
snapshot

Not my usual technical analysis. This is a buy & hold.
Note
With Russia and Saudi Arabia opening the taps expect this and all other oil stocks to suffer. Any guesses how low oil will go? $30/barrel? $20? $10?!
Note
I am removing this from my long term deep value ideas. It dropped -72% yesterday. That's great IF the company can sustain it but oil dropped huge and all of OVV 's assets in the ground just got crushed. The question now is can OVV remain solvent for the forseeable future?
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StocksAndStones
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.