Ovintiv agrees to acquire Logan Energy

• Ovintiv Canada will acquire all outstanding shares of Logan Energy for $1.40 per share in cash.
• The acquisition values the business at approximately $1.26 billion, including assumed net debt.
• A spin-off of Logan Oil adds approximately $0.08 per share, bringing total consideration to $1.48 per share.
• Total consideration represents a 17% premium to the shares' 20-day volume-weighted average price through October 23, 2026.
• Closing is expected early in the first quarter of 2027, subject to securityholder, court and competition approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Logan Energy Corp. published the original content used to generate this news brief via CNW (Ref. ID: 202610260645CANADANWCANADAPR_C7210) on October 26, 2026, and is solely responsible for the information contained therein.