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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 Oldnaggeron Mar 09, 2023 7:19am
48 Views
Post# 35327558

RE:RE:22 YE Results

RE:RE:22 YE Results

As usual, market talk is off in the wild blue yonder !! 

! NVA is a very solid and immensely profitable company that has a sparkling future ahead of itself. Amongst many other things , they are going to use multi zone drilling to further reduce costs (more wells from the same pad )
Also from now on more horsepower will be focused on investor returns , since debt is irrelevant till 2026 .
This is the opportunity of a lifetime to get in and stay in. Throw your charts away . They may make you some money going forward , but if you get out, you could very well miss the longer term big picture !!

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