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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 Aug 11, 2021 4:34pm
148 Views
Post# 33686558

FWIW - TA

FWIW - TANVA

Was a nice bounce off the low thanks primarily to the shorts. 

RSI now on mid way point - I like to see volume on RSI mid point crossing but this month low volume.

Short term indicators all look to be in early shape for up move, but this could stall at any time due to low volume and macro market picture (delta/economy).

Lagging MACD is turning corner as well so in a more robust market when I didn't want to go swimming every morning, I would have got on board at $3.09.

Might push back up to $4.00 +/- but I'm happy to vacation part time over August, until we see just how bad the Delta virus gets.  First wiff of beating the delta variant and it could be back to the races in the Fall.  On the other hand, my dentist tells me more lockdowns are coming this Fall ;-)  

I'll likely get back into some oily names if we get some hard pullbacks.  If it turns out NVA continues to climb unabated, I'll be happy to applaud from the sidelines in my swimming shorts :-)

Good luck!
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