Nuvista Energy Ltd T.NVA

Alternate Symbol(s): NUVSF

Energy Oil & Gas E&P

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.

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Nuvista Energy Ltd

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Post by Possibleidiot01on Apr 02, 2024 3:17pm

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Post# 35965851

Eric Nutall - BNN - HOLD

HOLD

Has done phenomenally since Covid. Management has done a great job buying assets. Holding it back now is a lot of natural gas in storage because less was used during this mild winter and Paramount owns a controlling block; so if Paramount does a deal, will they sell NVA? Metrics are good, though and are buying back stock. He targets $24 or 96% upside, but there's that overhang. No easy fix for managers.

oil / gas

$12.070