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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 Indicatoron Nov 08, 2021 10:13am
109 Views
Post# 34099414

RE:RE:I'm 90% in cash

RE:RE:I'm 90% in cash
Yes, OIL apparently still has legs as paper money gets cheaper.  I am sleeping well and always take profits early. My investment was far too overweight at 100% in oil after a monumental run off the lows.  I still have 10% of trading cash holdings in 3 oil stocks which is about all I am willing to sleep on at this time.  Going forward I will scalp some here and there but this past year and a half has been extraordinary and I won't buy and hold any longer.  Oil has a habit of reversing quickly if any number of factors sneeze or hiccup, so I am fine with leaving money on the table.

Congrats to all those who have weathered the ups and downs and have had the fortitude/foresight to ride this wave.

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