The best compliment for a Company!!I liked it so much I bought the Company!
That what POU did when they bought 37.3 million shares of NuVista.
I have had a conversation with Jonathan Wright on occasion, he has alway been enthusitic about the exchange rate, today the Canadian dollar is worth 72 cents U.S.
With WTI at $85.16 U.S. that makes a boe of oil worth about 118 dollars Canadian, and Condensate a few dollars more.
With natural gas around $3 U.S. that is about $4.16 canadian.
So the prices are good, NVA production is stong.
Eric Nuttal does not make sense to me anymore and i think that is a good thing. He sold off his NVA to pursue what Baytex and Headwater both companies laden with debt. CVE that has never acheived an operational target, while he ditches Suncor because he doesn't like the fact they need to clost a mine in 10 years, Eric is not reliable.
My guess is NVA is going to hit it out of the ball park this quarter, and we may be looking at 80-90,000 boe/day next year and a $17.50 price target.
Eric need to leave NVA so it can trade properly and is not expose to his opinions.
IMHO