RE:You guyz were warned.....momo...
yes, you did warn in June that NVA was/is on your deathwatch and yes it is currently trading 20% lower. points for addressing a systemic issue across the sector which is a slower recovery due to covid spikes around the globe.
your post doesn't even make logical sense with specific regard to NVA's financials which you seem to not want to share your own financial DD on. Nuvista posted $137MM in Q2 2019 $55/bbl. Q2 2020 with Hedges i would estimate about $42/bbl on average which would be just over $104MM in revenue. The actual figure of less or more than $100MM is a bit irrelevant when you consider the activity during the quarter. Posted activity level for the remainder of Q2-Q4 estimated at $40-45MM total; so averaging $12.5-15MM per quarter. With even $70MM/quarter of revenue this level of activity is more than sufficient to cover costs and keep the lights on.
Fleee - i'm 100% in agreement with everything you posted this morning. NVA is a longer game than a quarter.. try a 4-6 quarters with debt payback the priortiy to reduce D/CF. My jewel is ARC and look at their morning, first up 3% then down .. even though they just posted $53MM in FCF and $118MM in debt payback for a total FFO of $0.42/share. These are industry leading metrics and still not reaping any rewards from the market. The story here is the sector is down due to demand fear again with Covid surging and Opec releasing more barrels tomorrow.
Calm the waters, steady as she goes.