Post by
MyHoneyPot on Nov 14, 2023 10:43am
Q4 - Expect AFFO to exceed Q3
NVA is drowning in cash, and Q4 is a low capex quarter.
My guess is they will have an extra 130 million plus dollars and will be actively buying back shares.
With a significant increase in production from cashflow, and share buyback 75% of free cash available.
NVA is so undervalued , and there are major owners here that are not going to be selling their stock.
Expect Eric to sell and it will be good when he is gone.
I think with the cash flow generation and low debt NVA will be bought.
They however are a good candidate to buy Wembley/Pipestone Charlie lake from Kelt. Its all in their realm of expertise and give them a path way to 200,000 boe/day.
It is just a big fish to swallow in my opinion.
IMHO
Comment by
Sugaree on Nov 14, 2023 11:52am
HP, Eric has been out of NVA for a few months now. He sold out due to NG exposure. He still believes the company is excellent, but just not his current heavy oil thesis. https://www.morningstar.ca/ca/report/fund/portfolio.aspx?t=0P0000732C