RE:CEO NVA on BNN April 24. Really good to see!Forgot the link.
Sure, some tough times in the near term, but how is this for POSITIVE, 2:45 in Jonathon states unequivocally “we are certainly going to survive and thrive after this as a company”
https://www.bnnbloomberg.ca/video/~1946252 Traders be careful, don’t want to miss the big run on a couple pieces of good news. That is all it will take to run back over a buck, then to $1.50 where it may rest and consolidate.
fleeee wrote: Top notch management team, coming out and giving an update. Cutting back on capital spending, and their amazing hedge book will keep a decent amount of cash flow through 2020. Oil supply is dropping globally and prices will rebound by 3rd and 4th quarter as demand slowly picks back up.
What some people do not understand is prices have to go back to $50's. If they did not recover then superpowers USA and RUSSIA, along with Saudi Arabia and many many other countries will go bankrupt, period. That ain't going to happen. Tough few months for sure, but long term all will be fine for oil and gas, it is not going anywhere.
Nuvista is well positioned and is way undervalued right now. Earnings next couple quarters will not be great if the stock was a $4.00 share price, but valued at 73 cents, earnings will be pretty damn fine.
I am not selling these small spikes, for a nickle or a dime profit and hope to come back in, because there will be a day or a week when it spikes over a dollar, and never comes back down to these levels. Then you either chase it or miss out, for get about it and one day look back in 6 months or a year wondering what ever happened to NVA, and see it over $3 or $4 or even $5, and kick yourself.
Nuvista will come out of this very strong, 66% natural gas, 34% condensate. Some of the best assets out there, exceptional management that ARE protecting the balance sheet. NO bannkruptcy here, but overall market panic has it as though it is even an option. Never going to happen.
Traders trade it, investors hang on for the long ride. Or, keep a core position and trade a little.
GLTA in Nuvista, we will be rewarded.