Were Exposed - to WTI Prices for Oil No Oil Hedges No bank debt and No oil hedges in place + no meaningless dividend.
Not only is Nuvista going to have a RECORD QUARTER in terms of Production, they are going to have a ZERO quarter in terms of Oil hedging losses, and will likely have their best CF and FCF in the companies history.
NVA is simply too cheap, and is a solid producer, who can execute in a cost effective manner.
There is no place for NVA to go from here except up.
This earning should be a repricing opportunity.
IMHO