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Ovintiv Agrees to Buy Logan Energy for About $890M Including Debt

The cash price is C$1.40 per share. The acquisition would expand Ovintiv’s position in Canada’s Montney formation.

Steel well equipment stands across an open prairie site / TokenPost.ai
Steel well equipment stands across an open prairie site / TokenPost.ai

Ovintiv Inc. agreed Monday to buy Logan Energy in a cash deal valued at about $890 million including debt, expanding the U.S. energy company’s position in Canada’s Montney formation.

The agreed price is C$1.40 per share. The approximately $890 million valuation includes debt.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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