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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 Cheadle12on Dec 08, 2020 12:46am
184 Views
Post# 32055853

With Nat Gas dropping & poor hedging...

With Nat Gas dropping & poor hedging...Nuvista is sadly very likely heading back to mid .70's..

Their C5 will prop them up a bit, which is good.. but a lot of gas production unhedged that holds them back (along with the mountain of debt that they have to carry like a donkey transporting 3 people in biblical times across a dusty desert with very little water and no food).
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