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 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.

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Nuvista Energy Ltd

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Comment by TravelGuruon Mar 13, 2020 2:00pm

152 Views

Post# 30804986

RE:RE:RE:Anyone alive here?

Exactly, this pricing is completely irrational. The market cap is currently sitting at less than their capital expenditure budget for 2020, with them stating that they will have already spent 200 million is Q1 & Q2.

To add to this, they are hedged with 57% of condensate volumes at $77CAD/bbl. The only issues i see is if oil is still in the $30 range into 2021. Way way way oversold right now.

Panic causes irrationality.

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