AcquisitionOct 26, 2026Pending
🇨🇦 Canada
LELogan Energy Corp.OOvintiv Inc.
Energy › Oil & Gas Production
Enterprise value$890MEnterprise value
AnnouncedOct 26, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderYes
Contingent paymentNo
Overview
Ovintiv Inc. agreed to acquire all of the outstanding shares of Logan Energy Corp. for C$1.40 per share in cash, for total consideration of approximately $890 million (C$1.26 billion) including the assumption of expected Net Debt at closing.
Deal rationale
The acquisition is expected to add high-margin oil and condensate production, infrastructure and drilling inventory in the Montney oil window, generating cost synergies and immediate and long-term accretion across key financial metrics.
AI-generated from the SEC filingPendingEnergy › Oil & Gas ProductionCanadaNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $890M | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
RCRBC Capital Markets
Sell-side
None listed
Parties
Target
LELogan Energy Corp.
- Headquarters
- Canada
- Ticker
- LGN
Acquirer
OOvintiv Inc.
- Headquarters
- United States
- Ticker
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