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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

Post by Indicatoron Apr 14, 2021 4:24pm
171 Views
Post# 32994753

yes it does *sound bullish ... but ...

yes it does *sound bullish ... but ...
This fundamental pop today is so far not holding up for some oily names like it has previously.

Sell-in-May-and-Go-Away is looming and seasonal strength appears waning.

I'm holding small positions as insurance if news over summer continues to push names higher but would not surprise me to see general market pullback over summer.

Good luck!



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