Ovintiv to acquire Logan Energy for C$1.40 per share in cash, about $890 million
Ovintiv agreed to acquire Montney oil producer Logan Energy Corp. in an all-cash deal valued at about $890 million (C$1.26 billion) including assumed net debt, subject to Logan shareholder, court and regulatory approvals. The deal is expected to close early in the first quarter of 2027 and is described by Ovintiv as accretive, with Ovintiv saying its shareholder returns plan is unchanged.
Key points
- Price of C$1.40 per Logan common share in cash; total value about $890 million (C$1.26 billion) including net debt
- Acquisition expected to add about 266,000 net acres and about 20 MBOE/d of production in the Montney
- Ovintiv expects about $60 million in annual cost synergies and about 5% Non-GAAP Cash Flow per Share accretion in 2027
- Expected close early in Q1 2027; either party may terminate if the deal has not closed by February 26, 2027, subject to extensions; Logan would pay a C$44 million termination fee in certain circumstances
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.