RE:Are you now convinced ?well timed! gas is up 2.6 and wti is up 40c at the time of posting.. and NVA is up 1c!
.. jokes aside, i agree Kavoli it's frustrating and i'm waiting for a re-rate on the SP. what i can't figure out is why Kelt's SP is so much higher given their assets and production. they are 60% of NVA's production and 54% of the debt .. debt which they have 99% utilized and are currently in extension discussions with creditors. Much gasier production and their hedging profile is not as valuable in comparison.
your guess is as good as mine on why the market has restricted Nuvista's SP return to 1/4 of Feb 2020 while most peers are 1/2 or 1/3. Buy on the dips and wait for the re-rate .. fingers x'd for a wake up when Q2 earnings are released in August and a shake up in November for Q3.
regarding the CEO.. i don't think Jonathan Wright particularly enjoys the SP considering he hold 1.2MM shares.. $2.50 February to $0.79 July is quick -$2MM in networth i'm sure he wants back.