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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 Robertboblawon Nov 14, 2020 3:32pm
242 Views
Post# 31901740

RE:RE:RE:Dicussion's Ongoing

RE:RE:RE:Dicussion's OngoingHP, while I respect your insights and opinions on various oil and gas related topics, I think you may fundamentally not quite understand equity investing. Nvas common shares have a full $1 billion of liabilities attached to them. Against $1.5 b of assets and maybe 50,000 of gassy production. No one wants their shares my guy; they have close to zero value . Yes some of their assets have likely great value in them; but when the price tag to acquire said assets is having to assume 1 $ billion in liabilities and almost $800 million of those are monetary cash liabilities, any company would be straight up stoopid to go after their shares. It would be plain dumb. POU bought it's stake to negotiate with NVA due to the possibility of them needing to firesale off assets if the bank required them to do do so as not to breach any covenants. It was purely speculative on their part; I guarantee you POU has zero interest in making an offer for the remaining 80% of NVA shares. No other produce does either. Not to say a creative deal to work with NVA (along with topaz or tou or whoever) could not be in the works, but it would be royalty deal or some such; not a share takeover. It's straight up not happening my dude.
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