RE:Still 80 centsriski wrote: I can't believe this is still sitting at the Nuttall bump price of 80 cents. They are trapped with the only thing floating them in 2020 hedges. Without reduced liquidity, they will not be able to hedge 2021 and even with projected improved gas prices, projected cash flow is potentially negative throughout 2021.
They are trapped and looking at bankruptcy without a CNQ/PONY rescue. I suspect suitors find it too expensive at current market prices. I expect a drop to 50 or 60 cent range and then a cash or share buyout at around 70 cents. Probably TOU.
Your hilarious bud. You need to pay closer attention before you start spewing your misinformed outlook (shorty)
Nuvista will pay down $60 000 towards debt with FCF this year
Good day Sir