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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company. The Company is engaged in the development, delineation and production of condensate, natural gas liquids (NGLs), and natural gas reserves in the Western Canadian Sedimentary Basin. Its focus is on the scalable and repeatable condensate rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin (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. The Montney Formation is a shale gas and shale oil resource. The Montney formation in the Wapiti area is a thick (200 m+) section of hydrocarbon-charted fine-grained reservoir found at depths ranging from 2,500-3,500 m. It has non-core operations in three additional areas of Alberta (non-core properties outside the greater Wapiti Montney area).


TSX:NVA - Post by User

Bullboard Posts
Comment by Specul8ron Dec 08, 2018 10:52am
131 Views
Post# 29086788

RE:Kiss of Death

RE:Kiss of DeathI agree. NVA is a solid company with proven management. The Pipestone acquisition will pay off in spades when the market volatility settles down, and people focus on how the Pipestone acquisition is going to take them from a target of 60,000 boepd to 110,000 boepd. If you look at the company's history, they have always met or exceeded their targets. You don't see that very often. No reason for that to change now. They have a long history of being able to come out of these downturns unscathed. As far as the prospect of dilution goes, ain't going to happen. I'm not an accountant, but Ronald Poelzer is, and because he just bought 250,000 shares of NVA at $3.45, I think my opinion is warranted. It wouldn't surprise me if he was up $500,000 on those shares 3-6 months down the road. I'd be more surprised if he wasn't. GLTA.
Bullboard Posts