NVA (Take or Pay) DriversNVA has a take or pay agreement regarding the Pipestone production.
There is real incentive, for NVA for fill the Pipestone plants, which will reduce operating costs.
White Tundra presentation doesn't incorporate the future reduced operaitng costs as Nuvista fills up the Pipestone plant, and the current quick rampup of the production. It seem to me that NVA has real driver and tanagble objectives and incentives that will reap great shareholder returns.
Being a POU long term shareholder, and knowing the high condensate weighting of the production from Pipestone. This is a very high netback area, and it is already being significantly optimized. The Montney in Pipestone had 4 horizions but NVA is finding that it can exploit with 3 horizional wells.
I think NVA is just to cheap, and there is no reason for the pull back it is over stated.
The growth profile is currently not incorporated into the price is what i am trying to get at.
IMHO