NVA Presentation
NVA has a premium boe of hydrocarbons that is getting on average right now $100 dollars/boe.
Buy the end of 2023 they will be producing about 50% more production, and they will have only 200 million in debt and a reduced share count.
So it sounds like before the end of this year you will have another dollar per share because of debt buy down, like another dollar per share in buy backs, and you will likely end the year somewhere north of 70,000 boe/day.
In my mind NVA should be trading at 15 dollars already, and simply has tons of upside from here.
I watched this presentation and i will attach it, NVA (Johnathan) is towards the end, but a few things i really liked that he talked about was the impact of the increased capex and the efficiency it will provide them having the rigs full time, sound great.
I am also amazed how efficient they are and how quickly they can bring on production, this is really the sign of good planing and good management.
Also the running room they have, i was concerned if NVA has enough long term resouce but it looks great to me, and Pipestone is better than anyone thought.
Also what was really good to see is that NVA has the facilities in place, they have the plant in place to support their production gains and all their capital or a majority of their capital is going to the drill bit.
I bought more today, i have raised my expectations for NVA.
IMHO