Nuvista Energy Ltd T.NVA

Alternate Symbol(s): NUVSF

Energy Oil & Gas E&P

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

Nuvista Energy Ltd

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Comment by fleeeeon May 12, 2020 8:01pm

148 Views

Post# 31019856

RE:What's holding NVA back?

I believe it is because they are more pure natural gas plays. They are closer to 80% and 90% natural gas respectively, whereas nva is 60%. AAV 95% ng has also moved up substantially from lows. Higher oil production firms will take a while to catch up as ng and oil both rise in time.

LNGStrong wrote:
holding pattern with a strong base at $0.80 but no movement and little volume.. What's holding this back compared to peers like BIR and PEY that are back to precovid SP's?

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