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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 Sugareeon Feb 12, 2022 9:16am
82 Views
Post# 34422957

RE:RE:RE:RE:$10 Close?

RE:RE:RE:RE:$10 Close?Can't wait to see the updated PDP reserves the morning of March 9.

Oldnagger wrote: Congratulations on your purchase !!
This may sound a bit smug ,but NVA is far from being done. The share price is extremely low. The world will not be able to keep pace with demand . Covid for all practical purposes is over. North American LNG export capacity will support nat gas price for a long time. The very low share price versus company asset values will support buy backs for a very long time. This is true of the entire petroleum industry. Why would any one invest in new production capacity (gas plants etc.) as long as it is much cheaper to buy back their own shares ? 

There are many more reasons , as we read on this and other Bull boards every day

If posters have reasons based on fundamentals why they think share prices will go down, then by all means let us hear them . That is why we are all here !!

I get it that there will be market fluctuations , as there always has been, Right now I see those as buying opportunities 


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