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Ovintiv Inc (TSE:OVV.TO) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Ovintiv Inc (TSE:OVV.TO) seasonal charts above shows that a Buy Date of March 9 and a Sell Date of June 17 has resulted in a geometric average return of 10.58% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 15 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 20 years by an average of 20.69% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

Ovintiv is an independent oil and gas producer with key assets in the Permian, Eagle Ford, Montney, and Duvernay areas. At the end of 2019, the company reported net proven reserves of 1,348 million barrels of oil equivalent. Net production averaged 569 thousand barrels of oil equivalent per day in 2019 at a ratio of 56% oil and natural gas liquids and 44% natural gas.

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