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Bullboard - Stock Discussion Forum 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... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Bank told Jonathan get your spending under Control
View:
Post by MyHoneyPot on Oct 19, 2020 10:39pm

Bank told Jonathan get your spending under Control

The numbers speak for themselves. NVA had a bank line of 550 million dollars, but after a out of control spending quater Q1 they spend 146 million, they bank felt the management team could not be trusted and cut the line to 475 million.

This left Jonathan with a bank line that he can do nothing considering they were drawn to 450 million dollars, you got it,  the banks made jonathan stop his drunken spending. 

Now they need a white night or they will go broke.

IMHO
Comment by aspen865 on Oct 20, 2020 2:06am
This post has been removed in accordance with Community Policy
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