What is Ovintiv's ca — gain loss from price risk management activity?

Ovintiv (OVV) reported ca — gain loss from price risk management activity of $11.75M in Q4 2023.

How has Ovintiv's ca — gain loss from price risk management activity changed year-over-year?

Ovintiv's ca — gain loss from price risk management activity increased by 104.4% year-over-year, from -$267.75M to $11.75M.

What is the long-term trend for Ovintiv's ca — gain loss from price risk management activity?

Over 2 years (2021 to 2023), Ovintiv's ca — gain loss from price risk management activity has grown at a -74.5% compound annual growth rate (CAGR), from -$723.00M to $47.00M.

What does ca — gain loss from price risk management activity mean?

The net financial impact of hedging activities used to manage commodity price risk.

Discontinued — last reported Q4 '23

Geographic · Gain Loss From Price Risk Management Activity

CA — Gain Loss From Price Risk Management Activity

Ovintiv CA — Gain Loss From Price Risk Management Activity remained flat by 0.0% to $11.75M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 104.4%, from -$267.75M to $11.75M. Over 2 years (FY 2021 to FY 2023), CA — Gain Loss From Price Risk Management Activity shows an upward trend with a -74.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryRisk

SignalHigher is better

VolatilityVolatile

First reportedQ1 2017

Last reportedQ4 2023Feb 27, 2024

Rolls up toEconomic foreign currency exchange contracts

How to read this metric

A gain indicates successful price protection or favorable market movement relative to hedge positions, while a loss reflects the cost of hedging or adverse market movements.

Detailed definition

Represents the net realized and unrealized gains or losses resulting from derivative financial instruments used to hedge...

Peer comparison

Commonly reported by E&P companies as 'Realized/Unrealized Gain/Loss on Derivatives' or 'Hedging Gains/Losses'.

Metric ID: ovv_segment_ca_gain_loss_from_price_risk_management_activity

Historical Data

3 years

	FY'21	FY'22	FY'23
Value	-$723.00M	-$1.07B	$47.00M
YoY Change	—	-48.1%	+104.4%

Range-$1.07B – $47.00M

CAGR-74.5%

Avg YoY Growth+28.1%

Median YoY Growth+28.1%

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Frequently Asked Questions

What is Ovintiv's ca — gain loss from price risk management activity?: Ovintiv (OVV) reported ca — gain loss from price risk management activity of $11.75M in Q4 2023.
How has Ovintiv's ca — gain loss from price risk management activity changed year-over-year?: Ovintiv's ca — gain loss from price risk management activity increased by 104.4% year-over-year, from -$267.75M to $11.75M.
What is the long-term trend for Ovintiv's ca — gain loss from price risk management activity?: Over 2 years (2021 to 2023), Ovintiv's ca — gain loss from price risk management activity has grown at a -74.5% compound annual growth rate (CAGR), from -$723.00M to $47.00M.
What does ca — gain loss from price risk management activity mean?: The net financial impact of hedging activities used to manage commodity price risk.