NuVista Energy Enters Into Agreement to be Acquired by Ovintiv

CALGARY, Alberta, Nov. 04, 2025 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX: NVA) (“NuVista”) is pleased to announce that it has entered into a definitive arrangement agreement (the “Agreement”) with Ovintiv Inc. (“Ovintiv”) (TSX: OVV; NYSE: OVV) and Ovintiv Canada ULC ("Ovintiv Canada") pursuant to which Ovintiv Canada has agreed to acquire all of the issued and outstanding common shares of NuVista (“NuVista Shares”) (the “Transaction”) not already owned by Ovintiv or its affiliates, in a cash and share transaction that values NuVista at approximately $3.8 billion, including the assumption of NuVista’s net debt.