Post by
MyHoneyPot on Nov 08, 2023 9:33pm
NVA fantastic quarter
Production Buffer- (3,500 boe of downtime)
Third quarter production of 80,382 Boe/d was in-line with third quarter guidance of 80,000 to 82,000 Boe/d, and above second quarter 2023 production of 71,029 Boe/d with the addition of 19 wells brought online throughout the quarter and included approximately 3,500 Boe/d of planned and unplanned downtime at owned and third-party facilities.
Current Evaluation $12.31 * 210,800,000 Shares = 2,594 million dollars.
CPG bought Hammer Head for 2.6 billion with about half the production, so NVA is really cheap.
26,740 boe/condensate is really good in Q2 condensate production was 21,990 so a big improvement.
AFFO 94 cents Earnings 51 cents all really good.
I think it was a fantastic quarter if they did not have outages it could of been a little higher on the production side.
Everything is solid all way round, the stock is trading at a huge discount.
I expect once we pass this commodity unresst it will be trading above $15 dollars.
IMHO