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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

Post by LNGStrongon Nov 27, 2020 4:45pm
794 Views
Post# 31992620

848,500

848,500 848,500 shares traded at day high in the last 9 minutes before market closed today .. somebody wanted in or out hahaha.

next week will be important to solidify wti at $45, which will hinge on opec+ monday/tuesday.  From here it's a pretty steady de-risk of NVA and a healthy start to free cash flow for the company:

Break-even WTI Price is where Capital Investment is equal to Cash Flow US$38/Bbl WTI; US$3.00/MMBtu NYMEX

a few near term catalysts to push through until summer when covid vax is more widely available and recovery to post covid consumption returns.  

GLTA.
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