Ovintiv Renews Annual Share Repurchase Program

09:32 AM EDT, 10/01/2026 (MT Newswires) -- Ovintiv (OVV.TO, OVV) received approval from the Toronto Stock Exchange (TSX) to renew its normal course issuer bid (NCIB), it said Thursday. The company may buy back up to 26.97-million shares during the 12-month period starting Oct. 5, 2026, and ending Oct. 4, 2027, under the bid. Ovintiv also renewed its automatic share purchase plan (ASPP) allowing its designated broker to purchase common shares under the NCIB when it would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods. Under its expiring NCIB, which ends Oct. 3, the oil and gas producer repurchased and cancelled 13.93 million of an allowed 22.29-million shares as of Sept.30. Ovintiv shares closed up CA$0.61, or 0.7%, to CA$82.88 Wednesday on the Toronto Stock Exchange. Price: 82.88, Change: +0.61, Percent Change: +0.74