TSX:NVA - Post Discussion
Post by
MyHoneyPot on Jul 15, 2023 10:08am
NVA Flat over Q1 - 71,000 boe/day
In Q1 2023 nuvista spend approximately 40% of the capex budget for the year, 170 million dollars meaning they have some where between 255-280 million dollars budgets for the remaining of the year.
In Q1 AFFO was approximately 210 million dollars. The capex spend in Q2 will likely be less than 100 million dollars, and it means they should have a lot of cash on the balance sheet. Net debt was only 168 million at the end of Q1, so i expect that number to be a lot lower at the end of Q2.
In June the new NCIB allows them to buy back 17 million shares, that would take the float down to around 200 million shares and make POU ownership 37.2 million shares about 18.5%.
Here are the current institutional shareholders of Nuvista.
| Name | Equities | % | Valuation |
| | 37,252,142 | 17.03 % | 299 M $ |
| GMT Capital Corp. | 22,099,700 | 10.10 % | 178 M $ |
| Ninepoint Partners LP | 12,000,000 | 5.485 % | 96 M $ |
| Dimensional Fund Advisors LP | 5,902,930 | 2.698 % | 47 M $ |
| | 5,901,277 | 2.698 % | 47 M $ |
| | 3,141,208 | 1.436 % | 25 M $ |
| T. Rowe Price International Ltd. | 2,127,000 | 0.9723 % | 17 M $ |
| Canoe Financial LP | 1,760,000 | 0.8045 % | 14 M $ |
| RBC Global Asset Management, Inc. | 1,538,603 | 0.7033 % | 12 M $ |
| Victory Capital Management, Inc. (Investment Management) | 1,169,480 | 0.5346 % | 9 M $ |
This represents over 40% of the shares, I expect we will see a deal soon.
IMHO
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