Ovintiv (OVV), mcap=$12bn, price $45.63 vs $43.84

– Macro bet on oil with OVV best positioned to outperform.
– At $125 WTI trades at a 70% FCF yield.
– At $75 WTI trades at a 22% FCF yield.
– Pivoting to paying out 25-50% FCF in heavy share buybacks + modest dividend.
– Over a decade of inventory in core basins remaining.

Valuation: Multibagger potential is just based on the cash flow to be generated over the next few years.

Exp. gain: Multibagger by 2025

Full $OVV write-up (free guest account required):

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