DENVER, Nov. 20, 2023 /CNW/ - Ovintiv Inc. (NYSE: OVV), (TSX: OVV) (the "Company" or "Ovintiv") today announced that NMB Stock Trust, a Delaware statutory trust (the "Selling Stockholder"), intends to offer for sale 8,400,000 shares of the Company's common stock, par value US$0.01 per share, pursuant to the Company's shelf registration statement previously filed with the Securities and Exchange Commission (the "Offering"). Ovintiv issued the shares to the Selling Stockholder on June 12, 2023 as part of the consideration for the Company's acquisition of certain upstream oil and gas assets located in the Permian Basin from portfolio companies of funds managed by EnCap Investments L.P.
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