Nuvista Energy Ltd T.NVA

Noise

[Carjack]

Nice pause on stock price slide but keep in mind the oil environment we are in. Cushing down another million barrels today. China still using up strategic reserves. Nat gas still around 4 bucks. 

The China manufacturing data is not the full picture. I watched bloomberg asia last night and a few key points were discussed. Chineese manufacturers are having to wait to ship products because of container shortages and a major port being closed after 1 covid case. Suez canal closure and seizure of the ship took away thousands of containers from use. China is driving oil prices down so they can refill their inventories. In a few weeks the markets will get back to functioning in a more balanced way.

[Carjack]

U.S. crude inventories fell 3.2 million barrels last week to 435.5 million barrels, their lowest since January 2020, according to U.S. Energy Department figures. [EIA/S]

[Oldnagger]

If you look at total Crude and product stocks, they have declined to 1883 million from 1981 million on Jan 1 2021. That is an average decline of about 437 kBpd Septembers drilling productivity report projects an increase in production for September over August of 49 kBpd So 9 months to catch up production  enough to stem the inventory decline . ( and that is before the obvious increase in

[schoolinmoe42]

This post has been removed in accordance with Community Policy

[Nugold]

logic has left 1600 Pennsylvania avenue and the world just found out the puppet masters are fools. So as with the Covid distraction, all credibility has been lost and for those of you fooled into believing, well this is the beginning of the end. Crash eminent and I suggest you read the news, look for the un news and base your financial decisions on that. Glad I bailed most at over 4.00 folks need

[Nugold]

to the nay sayers on covid.Biden talking about kindergarten students wearing masks rather than his complete failure in Afganistan ought to have awaken any darn sense you have. Now will the real covidiots please stand up!! Glta

[LittleYerry]

..... implying Trump was full of logic?