Ground has shifted Feels like a floor is in for NVA.
1. Two NG deals in two weeks (in Canada) for companies with assets of lesser quality.
2. NG prices firming/moving higher.
3. Money will flow from pony/kel to Nva as a potential take-out target. (Crew likely a beneficiary as well).
4. Drill rig utilization at multi decade lows
5. Economy recovering-(hope the US doesn't shut down again)
6. Decent management team who have outlined a rational (debt pay down) plan for 2020, and have upside production/revenue opportunities.
SP going to $.80's this week.