RE:RE:RE:RollinInDough NVA going Forward from here?no one can predict share price in Jan... one can guess but if anyone says they know, they are not telling the truth. Too many negatives with too much supply and the shoulder season and US production being so much more than ever... so the buyers left the sector.
It is historically cheap for sure, on a cf basis it is really cheap. but this is a new world in that they are not exploring for oil and gas anymore... they know it is in the shales... it is just drill and complete and flow. Used to be they had to find a reef or an ancient river or beach.. it was a lot of exploration... not now! so they don't drill and miss anymore... plus the production rates are really good... old days a million cfd was really sweet... now it's way better with more like 8 mill or 8-10 times what they used to find. They are capable of drilling the sector into bankruptcy. this is not a good time to be heavy into the sector... obviously. Just a totally different world in o&g.
so yes it is cheap... but realize the market can stay in a lull much longer than you can remain liquid. The bad times can out wait anyone. A good dose of high temps in the southern US would help and followed by maybe a cold winter and your $2.50 stock would easily double or triple. But that is why I like to be getting dividend from what I own.. as I mention NWX pays out a nickle a year on the 30 cent stock.. a nice 16% return from tax beneficial dividends. These Cdn guys just don't want to deliver cash back to shareholders so you only have upside from capital gains... which is fine if the market catchs a bid.
no clue what price you see in Jan... it should be much higher.. but that depends on buyers bidding it up.. and buyers have left in droves and who knows when they return.. maybe they don't... possible the general mutual funds and institutions just don't bother, thinking the sector is not coming back, maybe they think oil and gas is so yester-year... maybe they believe in that low carbon stuff..or just have other areas they prefer to own.
You got to think this has big upside, nva has really nice assets and condy is in demand no matter what oil and gas does. The oil sands do not shut down on low oil prices cause they have so much sunk capital...
I am a big believer in these liquids rich plays and nva has some of the best lands for it.