Nuvista Energy Ltd T.NVA

Frankly . . . I'm tempted, BUT ....

[Indicator]

After the HUGE moves off the 2020 bottom Oily names gave us over recent Covid period, it's hard to get excited about *vaguely possible* 20% moves.  i.e.  buying at $11 and selling at $13.25, is lame in comparison. 

IMHO, it's much nicer to park money in covered call funds giving 10%, while sleeping in and not having to babysit single stocks.

[Sugaree]

HYLD and HDIV are good ones. I think you may have mentioned those 2 before. I have looked at a number of them in the past but never pulled the trigger. Any concern they lose value like the split funds do?

[Indicator]

Some funds do ROC/return of capital, and that is generally not great for long hold. Many "passive income investors" will say just buy them, hold long term, take the divvy and forget about price over long haul if their underlying stocks are solid, but my trader hat forces me to buy and hold only when/if getting them at low prices during sell off. Speaking of  holding long, couldn

[Sugaree]

Most have had a pretty good run past 1-2 months, hard to get excited about them right now. You are certainly right about oil stocks, they just keep going down and look like good buys, but is the stress worth it, lol.

[Sugaree]

I am still on the sidelines on oil and honestly can't believe my luck. I basically said to myself in early November "no more, I am done with oil, just too hated by the markets" and everyday I think, well maybe buy some here, and just get too scared to pull the trigger. I will most likely miss the next run up, but what can you do. Imagine holding BTE or JOY or TVE, holy heart attack.

[Carjack]

No reason to buy anything right now till at least year end. Did you see the block trade at 4:15? Party ain't over yet,  I'm holding for a longer time frame and sure markets down but well above 52 week low. Volitility is still in play regardless of bull/bear.

[MyHoneyPot]

In Q3, 2023 NVA had 202 million in adjusted funds flow. That is 94 cents (AFF) a share for the quarter, anualized = $3.76  Today the shares are trading for $10.66 NVA is tranding at 2.835 time AFF per share or another way to say it is in Q3 it was trading at 35% FF in Q3. In Q3 they spent a little more that 100 million on capex, but is still ramping up production.  I think it is a