Ovintiv (CA:OVV) announced on April 3 that it would acquire 65,000 acres of undeveloped land in the Permian Basin. The transaction will have the company pay $4.3 billion, including the assumption of debt, or approximately 2.8x the next 12 months (NTM) adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). The cash-and-stock deal sees Ovintiv […]