Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Ovintiv's recent quarterly earnings call provides a robust overview of the company's strategic initiatives, financial performance, and future outlook as it continues to solidify its position as a leading North American independent oil and gas exploration and production company.</li><li>From the information available, several key themes emerge, showcasing both strengths and areas requiring caution.</li><li>Firstly, Ovintiv's acquisition of NuVista Energy presents a significant strategic move.</li></ul>

Ovintiv's recent quarterly earnings call provides a robust overview of the company's strategic initiatives, financial performance, and future outlook as it continues to solidify its position as a leading North American independent oil and gas exploration and production company.From the information available, several key themes emerge, showcasing both strengths and areas requiring caution.Firstly, Ovintiv's acquisition of NuVista Energy presents a significant strategic move.

Ovintiv Makes a Bold Move With NuVista — How Will This Mega-Acquisition Redefine Free Cash Flow Power?

<ul><li>Ovintiv Inc. delivered a robust performance in the second quarter of 2025, reflecting strong operational efficiency and strategic execution.</li><li>The company notably exceeded production targets and improved capital efficiency, surpassing production, capital, and per-unit guidance estimates.</li><li>A critical highlight was the seamless integration of newly acquired Montney assets, enhancing Ovintiv's operational capacity and contributing to free cash flow growth.</li></ul>

Ovintiv Inc. delivered a robust performance in the second quarter of 2025, reflecting strong operational efficiency and strategic execution.The company notably exceeded production targets and improved capital efficiency, surpassing production, capital, and per-unit guidance estimates.A critical highlight was the seamless integration of newly acquired Montney assets, enhancing Ovintiv's operational capacity and contributing to free cash flow growth.

Ovintiv Demonstrates How Strategic Rig Cuts Are Fueling Smarter, Leaner Growth!

<ul><li>Ovintiv's recent earnings for the first quarter of 2025 presented a landscape of both strengths and challenges facing the company.</li><li>The macroeconomic backdrop, characterized by lower oil prices, has impacted expectations significantly.</li><li>The company had initially projected about $2.1 billion in free cash flow for the year at $70 WTI and $4 NYMEX gas prices, but has now revised that to $1.5 billion with a more conservative $60 WTI for the remainder of the year.</li></ul>

Ovintiv's recent earnings for the first quarter of 2025 presented a landscape of both strengths and challenges facing the company.The macroeconomic backdrop, characterized by lower oil prices, has impacted expectations significantly.The company had initially projected about $2.1 billion in free cash flow for the year at $70 WTI and $4 NYMEX gas prices, but has now revised that to $1.5 billion with a more conservative $60 WTI for the remainder of the year.

Ovintiv Inc.: An Enhanced Well Performance & Technological Integration in Montney Are Critical Growth Levers!

<ul><li>Ovintiv's latest earnings report reflects a robust performance in 2024, characterized by significant achievements in reducing costs, increasing efficiency, and strategically reshaping their asset portfolio.</li><li>The company has effectively enhanced its focus on its core assets in the Permian and Montney regions, which are recognized as some of the largest undeveloped oil resources in North America.</li><li>The integration of low-cost, low-decline, and high free cash-generating assets in the Anadarko Basin further complements Ovintiv's strategic asset distribution.</li></ul>

Ovintiv's latest earnings report reflects a robust performance in 2024, characterized by significant achievements in reducing costs, increasing efficiency, and strategically reshaping their asset portfolio.The company has effectively enhanced its focus on its core assets in the Permian and Montney regions, which are recognized as some of the largest undeveloped oil resources in North America.The integration of low-cost, low-decline, and high free cash-generating assets in the Anadarko Basin further complements Ovintiv's strategic asset distribution.

Ovintiv’s Montney Gas Prices Surge 164% – Can This Energy Giant Keep Winning?

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

Interactive Brokers Group, Inc / Index Rebalance

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>In this insight, we take a look at the upcoming constituent changes in the run up to the September 2025 index rebal event.</li>
<li>We expect two regular changes in September 2025 - maybe $10bn a side. There are also a couple of live M&amp;A events which are likely to trigger intra-review index changes.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
In this insight, we take a look at the upcoming constituent changes in the run up to the September 2025 index rebal event.
We expect two regular changes in September 2025 - maybe $10bn a side. There are also a couple of live M&amp;A events which are likely to trigger intra-review index changes.


[Quiddity Index] S&P500/400/600 Sep25 Rebal: Two Possible Changes, But One Iffy

United States

Ovintiv Inc. operates as an energy producer. The Company focuses on developing its multi-basin portfolio of oil, natural gas liquids, and natural gas producing plays. Ovintiv serves clients in the United States and Canada.

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Ovintiv (OVV US)

Ovintiv Makes a Bold Move With NuVista — How Will This Mega-Acquisition Redefine Free Cash Flow Power?

Ovintiv's recent quarterly earnings call provides a robust overview of the company's strategic initiatives, financial performance, and future...

Baptista Research

Ovintiv Demonstrates How Strategic Rig Cuts Are Fueling Smarter, Leaner Growth!

Ovintiv Inc. delivered a robust performance in the second quarter of 2025, reflecting strong operational efficiency and strategic execution. The...

Baptista Research

Ovintiv Inc.: An Enhanced Well Performance & Technological Integration in Montney Are Critical Growth Levers!

Ovintiv's recent earnings for the first quarter of 2025 presented a landscape of both strengths and challenges facing the company. The...

Baptista Research

Ovintiv’s Montney Gas Prices Surge 164% – Can This Energy Giant Keep Winning?

Ovintiv's latest earnings report reflects a robust performance in 2024, characterized by significant achievements in reducing costs, increasing...

Baptista Research

[Quiddity Index] S&P500/400/600 Sep25 Rebal: Two Possible Changes, But One Iffy

We expect IBKR and possibly APP to join the S&P500 in September. We expect two deletes. MSTR has moved to second place BUT it has issues which...

Travis Lundy

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