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Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

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

Bullboard Posts
Comment by LNGStrongon Sep 14, 2020 12:56pm
174 Views
Post# 31553298

RE:RE:RE:RE:Entry price

RE:RE:RE:RE:Entry price

I hate to unwind earlier sentiment but my recommendation is to take positions in nat gas E&P for this winter.  Oil headwind on inventory will remain glutted for months. Winter gain on Peyto and Birchcliff positions can be sold and put into NVA for '21 return without missing much in the short term.  NVA catalysts are the debt payback and some meaningful uptick on gas, but the real money maker is on liquids.. which there is no rush on today.  

my thesis? keep a position in NVA but spread your portfolio into gas as the season is just starting to roll.  A cold winter will pull distillate inventory but with plenty of overhang, my money is in gas.
 

GLTA

Bullboard Posts