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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 Feb 04, 2022 12:36pm
131 Views
Post# 34398194

NVA and others doing ok ...

NVA and others doing ok ...
... but showing some signs of hand wringing.  Frankly I'd like to see a little more response to the steady up move of PoO.  i.e.  Oil moves up each day of late, and many Cdn Oil stocks firm a bit and hover around their support/resistence.  Rinse and repeat.  Not really keeping pace as well as they once did.

NVA holding above $9.00 is good thing, but I suspect any future wiff of an issue and it could be an escalator down after this stair climb up. 

Still long and looking for more upside.

FWIW, just thinking out loud.
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