Profitable with 5.6 PE despite Ultra Low Natural Gas PricesThis stock is not in any danger of being delisted. There was some casual talk about removal from the index which has been amplified way out of proportion to scare folks out of their very cheap shares or drive the stock down lower for purchase at a cheaper price. Walied Solomon, the global chair of law firm Norton Rose Fulbright of Canada noted that 'abusive Short Selling is...market participants who...use either exaggerations or misrepresentations to drive their narrative.' That is what is happening to the detriment of anyone who trusts them.
If indeed a listed company is profitable at all, the average DJIA ratio is 19.01, making NVA about 350% more attractive by comparison. Even more significantly, NVA has managed this very healthy profit ratio in spite of historically low gas prices; and have kept debt at healthy manageable levels. Further, Motley Fool notes that every little 25 cent increase in prices increases Nuvista's profitability by a whopping 10%.
With burgeoning world populations there will be parallel natural gas price requirement increases, there also will be a resolution of the US trade war with China (for political purposes if no other), the gas market will simply correct upward to proper realistic levels, winter with it's heating demands will be soon upon us, and cyclical activity will engage as well.
Looking at pertinent graphs and charts, NVA should be in the $6-$10 realm within nine months. Patient longer term investors may be more amply rewarded.