Ovintiv Agrees to Acquire Logan Energy

07:15 AM EDT, 10/26/2026 (MT Newswires) -- Ovintiv (OVV) has signed a definitive deal to acquire Logan Energy for 1.40 Canadian dollars ($1.00) per share in cash for a total of about CA$1.26 billion, including assumed debt, the companies said Monday. Ovintiv plans to fund the transaction through existing cash, its commercial paper program and credit facility borrowings, according to a statement. The acquisition is expected to be immediately accretive to key financial metrics, including non-GAAP free cash flow per share, and generate about $60 million in annual cost synergies, the companies said. The transaction was approved by both companies' boards and is expected to close in early Q1 2027, according to the statement. Ovintiv shares were down 1.5% premarket Monday.