Oil
Ovintiv Agrees to Buy Logan Energy for $1.40 Cash. Logan Oil Spin Is Not Closing Day
Logan Energy said October 26 it signed an arrangement agreement for Ovintiv Canada to acquire all Logan shares for $1.40 cash each, valuing Logan at about $1.26 billion including net debt, alongside a spin-out of Logan Oil Corp. to shareholders. Total headline consideration is about $1.48 per share when the spin and warrants are included. This is a signed plan of arrangement. It is not shareholder approval and not an effective close.
Oct 26, 2026
