Bullboard - Stock Discussion Forum 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... see more

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Nuvista Energy Ltd > Nuttal posts this morning

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Post by Carjack on Aug 16, 2023 12:17pm

Nuttal posts this morning

There are times when it is critical to tune out the noise. This is one of those times. While naphtha may be weak in China, larger markets like jet/gasoline are empirically not (see tweet yesterday). Even with supposed Chinese weakness, global oil inventories are still IMPLODING:

As highlighted by

 	@HFI_Research

yesterday, with partial August data, OPEC+ exports are down a whopping 3.5MM Bbl/d MTD from the June high = a leading indicator for global oil inventory levels. Do not underestimate the "will" and "intent" of HRH ABS.