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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 May 26, 2022 3:40pm
104 Views
Post# 34710116

My Ouija Board says ....

My Ouija Board says ....... all things are impermanent ! :-)

Markets look to be getting the expected bounce in here (Tech and DOW), but it's a bounce in a bear market that may last into summer.

Only safe haven has been commodities/oily/gassy names and that should persist, until it doesn't.

Mid to longer term I am increasingly feeling cautious about the musical chairs scenario on Oil as the Russia Ukraine tragedy is going to escalate the climate change push to divest from fossil fuels world wide.

NVA: Is pushing into top of upward channel and still not broken!
Indicators are running hot again and dip to lower end of channel likely at some point.
I will add in the low $11's (around 50 day MA) if/when we get there again.
As long as Pukin is not taken out, Oil/NatGas names should remain in their worried uptrend.
If Pukin gets taken out, I and 99% of traders out there will sell oily names in a heart beat.

Good luck!


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