RBC Project CFPS of $4.21 in 2024RBC Projection
NuVista's estimated FD CFPS dropped 2% to $3.51 in 2023 and inched up to $4.21 from $4.19 in 2024.
So $4.21 in 2024 and the stock is trading at $10.63 right now, that means the stock is trading at 2.5 times 2024 CFPS. That is dirt cheap, and in 2024 they will have zero debt likely, and a lot less shares.
There is not a lots of stocks generating that kind of CF and really these montney plays are the place to be in North America, and everything is multizone.
NVA is already 80,000 boe/day and ramping up to 105,000 boe/day their infastructure limit.
2.5 time cash flow per share or 100 times cashflow per share if you buy NVIDA, what is more realistic.
NVA has great economics and get payback and a good management team.
Way way to cheap, they 3rd quarter will fix things and they will have a quarter where production is over 80,000 boe/day it will be up 15% from Q2.
IMHO