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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 MyHoneyPoton Feb 29, 2024 8:52am
122 Views
Post# 35905973

Fantastic Results

Fantastic Results
I really can't say enough about the management team of NVA, and those are tremendous results. 

Essentially they produced 86,000 boe/day/Q4 and are basicly undraw on their bank line is my guess. 

NVA is now a cash machine, and will be buying back shares now as they are significantly under valued. 

I like the CEO of NVA, and i think the operations of the company have been some of the best, and most predictable i have ever seen. 

Great job team, and hats off. You have come a long way and the road forward is a lot brighter. 

IMHO


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