Nuvista Energy Ltd NUVSF

Primary Symbol: T.NVA

Energy Oil & Gas E&P

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.

TSX:NVA - Post by User

Nuvista Energy Ltd > Thoughts . . .

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Comment by MyHoneyPoton Jan 30, 2024 1:20pm

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Post# 35853029

RE:RE:Thoughts . . .

NVA capex is pretty reasonable in 2024, and last quarter alone they spent 100 million on buybacks. Another 100M in buybacks is roughly 10% in Q4.

I think their evaluation is low, and production will grow almost 13% in 2024.
Since 2022 they bought back 28.8 million shares
Looks like 250 milion in FAFF or $1.25 a share.

This could lead to almost 185 milion in share buybacks, or about 8% a share growth due to buybacks.

So it looks like 20% growth per share in 2024.

Pretty cheap, as these companies approach debt free status the risk goes down. It looks like NVA will have about 65 million in extra cash that could be appied against existing debt.

IMHO

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