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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 20, 2021 6:14pm
122 Views
Post# 33033934

re NVA pre-pandemic prices

re NVA pre-pandemic pricesFeb 10, 2020 -  right shoulder *early pandemic high before the precipitous fall was $2.31

DEC. 23 2019 - peak pre-pandemic was $3.19 - Corrrect, NVA hasn't hit that yet.

I also note that in Oct 28, 2019  - NVA traded as low as $1.98  - and August 2019 it traded as low as $1.50 - most of NVA's peers I mentioned did not have near the lows like NVA had in the Fall of 2019 prior to the pandemic.

March 8, 2021 - NVA most recent runup off the lows was to $2.67 which *approximately coincided with Sept 2019 peak mid range about half way between 3.19 and 2.30, hence I draw trend line average, not to $3.19 highest recent peak.

Not rocket science and room for speculation :-)

Cheers!




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