RE:NVA Boardroom Chatter while POU has issues of their own, they are in a financially stronger position than NVA given the available liquidity to get them through multiple years of low commodities. Nuvista needs to muster up as much borrowing space as they can to ensure they can survive to benefit hire pricing in future years. 2021 does not look to be an issue with $38US as a break even on flat production. 2022 is where things could get hairy if commodities don't recover by then. $100MM of available credit buys NVA some time and an asset sale would obviously be beneficial if the recovery period takes longer than expected.
Sit back and wait to see how this plays out b/c this week's news have de-risked the opportunity at least for now .. and if commodities don't recover by the end of 2021 then the loss of investment on NVA will likely be the least of our concerns.