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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.


TSX:NVA - Post by User

Nuvista Energy Ltd
Bullboard Posts
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(12)
•••
Comment by Flackeron May 20, 2020 11:14pm
107 Views
Post# 31054549

RE:RE:RE:RE:RE:RE:RE:Schachter just on BNN, said the writedown they took

RE:RE:RE:RE:RE:RE:RE:Schachter just on BNN, said the writedown they tookOn March 31 oil prices were at 32.20, this is what resulted in the $900,000,000 writedown. Currently the price is around 33.50, this will equate to a larger write up than the write down was even if the oil prices stay this low until March 31 2021.

this is a no brainer, Nuvista's short term debt is not crippling and they will have no problem seeing the other side of this downturn. Assuming they don't get taken over by someone like Tourmaline. Either way we win!!!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities