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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 jspacemanon Nov 05, 2020 2:48pm
116 Views
Post# 31845688

RE:RE:RE:Jupiter and Modern Resources asset base...

RE:RE:RE:Jupiter and Modern Resources asset base...true. also jupiter and modern owners basically threw in the towel. they saw no way out of their predicaments and no chance to go public any time soon. they saw the writing on the wall. the natural buyer was tourmaline who just happened to have money.

consolidation needs to continue. 

LNGStrong wrote: agreed.  Structurally Jupiter and Modern production much more like PPony and as such received a very similar gassy offer in the $10k/boe metric.  NVA production in the Montney fairway of liquids rich production is like Kelt's Inga/Fireweed asset valued at $35k/boe.  split it in the middle and somewhere in the $20-25k is reasonable.  


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