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Strategies & Market Trends : Value Investing

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From: Paul Senior	1/24/2023 10:14:12 AM
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OVV (Ovintiv, formerly Encana) down today possibly because of a downgrade: : "Morgan Stanley Downgrades Ovintiv to Equalweight From Overweight, Adjusts Price Target to $51 From $60" OVV performance looks pretty good to me - the metrics: finance.yahoo.com I don't see oil demand, oil prices dropping and staying down, and I don't see anything specific to the stock that would cause a downgrade. (Of course, I'm old and I don't see that well -g-.) I'll take some OVV here (~$50+), and add it to my basket of oil/gas stocks.

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