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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 Jul 08, 2021 6:18pm
139 Views
Post# 33519014

what this last couple of days tells me ...

what this last couple of days tells me ...

... is that after this pandemic bottom bounce where much money has been made by those who climbed on board oil early, there are now nervous trigger fingers out there and the market going forward will be choppy.

When / If we start to see stronger verification for the diminishing oil supply thesis, there may be more comfort holding long again.  On the flip side, if Opec+ members go rouge, watch out below.

Good luck.
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