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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

Energy Oil & Gas E&P
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 > TMX and why I own NVA
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Post by Carjack on Apr 11, 2024 7:51pm

TMX and why I own NVA

NuVista Energy (NVA.TO) CEO Jonathan Wright says two-thirds of his company’s cash flows come from producing condensate, a light oil used to blend with heavy crude so it can be pumped down pipelines. NuVista’s surging stock has ranked the Calgary-based company among the top performers in the TSX 30 over three years.

“Seeing these projects coming to fruition is starting to have a sentiment change for U.S. investors,” Wright told Yahoo Finance Canada . “More heavy oil production going down TMX, and other pipelines, means more demand for our product.”

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