Nuvista Energy Ltd NUVSF

Nuttal leaves NVA in the dust....

[MyHoneyPot]

So Eric who has been a supporter of NVA for quiet some time, on Friday he relabels the company as a gas stock and informs us he has unloaded a good chunk of his position. 

Well it just goes to show the strength of his conviction that company's should buyback all their shares because he wants to be the last shareholder, owning the stock with 25 years of reserves in the ground. ( Its a Lie )

Share buybacks don't work that way, and really why squander all you capital and buy back you shares at the top of the cycle when your dripping with cash, so that you can Ensure that Eric, who has an expert trading department can be rewarded with a smooth departure. 

In my opinion these share buybacks are utter stupidity, and distract from a company pursuing their primary business finding and producing oil and gas reserves, and every share buyback is a loss of future opportunity. 

Well good riddens to Nuttal, he is leaving the party to early and NVA will be producing their best historical results in the next quarter, and its only upward and onward from there. 

Look back at TOU last year their shares traded at $84 dollars this year they have been as low as $53 dollars, a 31 dollar difference from the peak price. Share buybacks are a good formula for capital evaporation, with nothing to show for it but a bunch of depreciated shares. At least the shareholders collected a healthy dividend and did not line the pocket of the likes of Eric Nuttal. 

Buyback should be opportunistic and associated with a irrational market event, like a selloff because of Fed rates or Canada getting kick out of Nato for it recognition of SS soliders. 

NVA has been trading sideways and it think Nuttal is the reason, I hope he is gone and it is onward and upward from here. 

IMHO

[PabloLafortune]

His calling card is Canadian heavy oil, that's what he knows and talks about all the time. Surprising that he was in NVA in the first place.

[MyHoneyPot]

He sold his entire position in ATH and then bought it back again. He sold out of ERF and bought it back again, he bought suncor on information they were going to raise their dividend and then sold out of the stock. His information on CVE is a moving target.  Does anyone really believe he will hold the last shares in the stock, he is a day trader who has not allegance to any shareholder or

[Carjack]

Look at the nat gas price. It's going to be a colder than normal winter and NVA will outperform his pumped stocks. ATH is waaaaayyyy overbought. All oil and gas are doing well and no reason to believe otherwise. It's a stock pickers game wether you pick the top half or bottom half of the performers. CR has always lagged but made me a load of cash when my preferred holdings start to loose

[MyHoneyPot]

I owned the base assets of surge a million years ago when it was called Zapata, for the old guys out there, my  #1 pick is POU, and i also like Kelt, i likw ARX but dont like the management.  I feel these share buyback at 95 dollar oil, is simply burning shareholder equity and buying your shares back at the top of the market. If they want to buy shares buy someone elses shares not your

[PabloLafortune]

MHP, you are absolutely correct about buybacks. Its often the enemy of the long term investor because it weakens companies. One of the most egregious examples recently is Intel who spent hundreds of Billions on buybacks over the years and ended up falling behind on semiconductor manufacturing and now have to sell assets and joint venture to catch up.