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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 > NVA and others doing ok ...
View:
Post by Indicator on Feb 04, 2022 12:36pm

NVA and others doing ok ...

... but showing some signs of hand wringing.  Frankly I'd like to see a little more response to the steady up move of PoO.  i.e.  Oil moves up each day of late, and many Cdn Oil stocks firm a bit and hover around their support/resistence.  Rinse and repeat.  Not really keeping pace as well as they once did.

NVA holding above $9.00 is good thing, but I suspect any future wiff of an issue and it could be an escalator down after this stair climb up. 

Still long and looking for more upside.

FWIW, just thinking out loud.
Comment by Sugaree on Feb 04, 2022 12:56pm
I humbly tend to disagree. Below are the past 7 weekly % gains of Nuvista returns, bottom at 11% for this week alone should we close at $9.28. $6.40 to $9.28 for a net gain of 45%. There has to be days of backfilling so RSI does not go ballistic to 90+, because then you would have a big elevator drop. What is occuring is perfectly normal and if anything should be calming, not worriesome. 8.44%  ...more  
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