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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

TSX:NVA - Post Discussion

Nuvista Energy Ltd > NuVista Energy Ltd. Announces Strong First Quarter 2024
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Post by Betteryear2 on May 07, 2024 5:30pm

NuVista Energy Ltd. Announces Strong First Quarter 2024

CALGARY, Alberta, May 07, 2024 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX: NVA) is pleased to announce strong financial and operating results for the three months ended March 31, 2024, and to provide an update on several key strategic initiatives. The quality and composition of our asset base has allowed us to continue to deliver strong returns despite commodity prices, particularly natural gas, declining temporarily in the first quarter. The first quarter had a higher phasing of capital spending as is normal for the busy winter drilling and construction season, as we made significant investments in new high-return wells and infrastructure projects to support our production growth. We continued to return capital to shareholders under our existing Normal Course Issuer Bid ("NCIB") and we also successfully amended and renewed our three year covenant-based credit facility.

NuVista Energy Ltd. Announces Strong First Quarter 2024 (globenewswire.com)
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