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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 Montney formation are located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary. Its Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500m.


TSX:NVA - Post by User

Bullboard Posts
Post by vlieton Nov 16, 2010 3:54pm
473 Views
Post# 17714577

Price on NVA is getting silly

Price on NVA is getting sillyI just doubled up on my April options for NVA.  Natural gas simply cannot stay in this range for the winter season.  How many energy companies have you noticed cancelling or drastically scaling back natural gas exploration and development.  With natural decline rates and little new developments the overhang in supply should be gone in the next few months.  If you get a cold snap then it the low gas price disappears faster :)
Bullboard Posts