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 kingshaneon Aug 06, 2020 10:10am

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Post# 31372361

RE:RE:RE:Q2 2020 Stockwatch

For sure. Just got to keep that debt from increasing. Hopefully prices improve so they can hedge. Im hoping 20 -40% hedges for next year are being considered right now depending on prices. Will protect them for another year and hopefully then this will all be over or we will have learned to live with this. Market worried debt is going to get them but if strong hedging is in place then credit will be given knowing they will make it to the other side and finally get value to what they have.

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