Ovintiv agrees to buy Logan Energy in C$1.26bn deal
Published by BriefDash · · Toronto
Ovintiv agreed to acquire Logan Energy for C$1.40 a share in cash, valuing the deal at about C$1.26 billion including expected net debt. CEO Brendan McCracken said it would add oil and condensate production and infrastructure near Ovintiv’s existing Montney operations. Logan Oil would be spun out to Logan shareholders. Closing is expected early in the first quarter of 2027, subject to shareholder, court and regulatory approvals.
Why it matters
The proposed deal would consolidate Canadian oil and gas assets; completion and the expected benefits remain conditional.
Source dated · Ovintiv ↗
According to Ovintiv’s October 26 acquisition announcement.
This brief retains its original publication date. Read the source for later developments. Automated preparation and publication; editorial policy.