Natural Gas Way Up Today, Oil Meetings Thursday and Friday As of 1:32pm PST, today's Natural gas prices are up dramatically +9.53%. Nuvista is perfectly positioned moving forward with output focused on both natural gas and oil.
Add that Saudi, Russian, US, Canadian and other OPEC Oil Ministers meet Thursday and Friday to significantly curtail global oil production (by a projected ten million barrels per day) and you have a win win situation. A big agreement seems inevitable, as not a single party benefits from the current situation.
NuVista's CEO has also been prominent in the news over the past few days suggesting that Canada's Government is working closely to support the oil and gas industry. Perhaps the government is prudently waiting to see how the forthcoming negotiations play out, but will be there if needed to support these essential industries.
Further, NVA is currently trading at just 12% approx. of book value(Assets less liabilities, a companiy's true worth).