Nuvista Energy Ltd T.NVA

re below $2.

[Indicator]

NVA and markets will need some more miserable news to get below $2   :-)
So far NVA is not providing a very tradeable pullback.

Lots are holding the view that once the pandemic / economic fog lifts some more, (which appears inevitable eventually) oil gets back to the races.  Could be some weeks/months away however and I'm a little concerned that the strong Oil season typically ends early May, so this year would have to buck the normal trading trend.

Good luck!

[alvarez2]

I agree, this could go either way. It ran so much since last March i believe it will pullback a little further however it would be an understatement to say it was grossly oversold last year and provided a ridiculously cheap entry price.

[Sugaree]

Short sellers are trying one last ditch effort to sucker retail investors that use stop loss limit orders, to steal their shares. They have to keep selling down to try to find large enough orders to make it worth while. Quick drop this afternoon of 10 cents was all mr, shorty. Forget the noise, reversal soon, and it better be them doing some covering, or they will be in a lot of pain buying back

[LittleYerry]

I just wanted to say, It's nice to have good board with lots of smart, well informed, and friendly people on it. I've been following this NVA board for about a year now and it used to be a few people (with strange motives) yelling at each other and calling each other morons. Nice to have some incouragement on a rare day that your stock underperforms. Keep it up please! . . . . . Good luck

[Oldnagger]

Just a reminder to anyone concerned about the Share Price. Always do due diligence , not only before you buy shares but also before you sell shares. Helps to focus and helps to calm the jitters. It is your money , so take good care of it !!

[alvarez2]

.........and if the volatility gives you the jitters, don't look at it everyday. Lol

[Sugaree]

Just curious, are you concerned? I am a little disappointed yes, but not concerned. I just hate short sellers.

[alvarez2]

I'm guessing you are concerned otherwise you wouldn't be asking. Perhaps looking for reassurance? I'm waiting for a lower entry point to get back.....hopefully under $2. Doubt I get it but we'll see. Wouldn't be concerned though, it's cheap and the wind is in it's sails .

[Sugaree]

Not concerned, just that oldnagger probably being the longest standing member here, and always positive, seems odd he would mention the word concerned. So just thought I would ask for some  elaboration.

[Oldnagger]

Not concerned in the least. probably a good buying opportunity . Only weak area right now is nat gas which is currently weak .  What I need is  the price to cross $3.00 at which point it becomes marginable. Want to make the best of this summer as will probably everyone else !!

[Sugaree]

Marginable, you talking about Nuvista in a margin account? If so, I believe it is $2.00, at least it was 2 years ago, unless TSE changed the rules.

[Oldnagger]

Seems the rules have changed , margins are now 25% at over $3.00 ,perhaps it is my banks own rules. Any stocks that don't pay fairly solid divs go into a margin (fun) account. That way I protect my basic needs while goving myself a chance to live it up once in a while. Once in a while is now !! BTW just renewed my DD on NVA , I wont have to do that again for a long time . Todays SP would be OK

[Sugaree]

one would think the answer would be an easy find in a google seach, but gave it several minutes with various key seach words and nothing?? A simple chart with stock price and margin %, but nothing are these institutions unless or what.

[Sugaree]

Does look to be $3.00 now with RBC. https://www6.royalbank.com/en/di/reference/article/eligible-securities-and-applicable-margin/imt5qgyz

[Oldnagger]

Bingo, CIBC also. Thanks for your attention