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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

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 Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Comment by Robertboblawon Jul 31, 2020 11:38am
101 Views
Post# 31350028

RE:RE:RE:RE:RE:RE:RE:blowout earnings

RE:RE:RE:RE:RE:RE:RE:blowout earningsI know ppl who work in the middle East. Their oil supplies and production is so vast they don't pay any taxes rather they GET FREE money from the government rather than paying taxes. He said you could put a stick in the ground where there's an oil field and oil will seap up (exaggerating obvi but you get the point ) but no way the middle East b/e on oil is $70. How do you explain them not paying any taxes and still being so wealthy and powerful? Their royalties on even cheap $40 Oil provides their people with income vs taxes here...why don't Canadians get free royalties on oil from the govt? It's cause the oil is so vast and cheap and easy to produce over there ( Russia too btw)
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