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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 Oldnaggeron Apr 16, 2021 4:43am
173 Views
Post# 33009246

RE:RE:Somewhat Perplexed

RE:RE:Somewhat PerplexedThe push towards green is surely on. In politicians minds ! The reality is though that it is more of a nudge and all the important details are sadly lacking. Much of the technology has not yet been proven to be cost effective . Reliability is a major issue that will require huge investments. Wait till all the bills roll in, voters in Ontario have already answered that issue.
Meanwhile, replacing coal by nat gas should be a no brainer.
The future is bright for NVA , They are presently very undervalued and consequently earning a high rate of return. At worst there may be a pricing shift towards nat gas and away from crude. This will actually be good as nat gas provides 70 % of NVA's  BTU s
The trick is not to get caught up in short term issues. By their very nature they are very changeable and as we all know , financial traders will jump in to exploit any uncertainties. Trying to beat them at their game is nigh impossible - They are a wolf pack!!
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